A College Professor Collected Data on the Number of Hours

question 86

Multiple Choice

A college professor collected data on the number of hours spent by his 100 students over the weekend to prepare for Monday's Business Statistics exam.He processed the data by Excel and the following incomplete output is available. The coefficient of variation in the data is

• A)40%.
• B)90%.
• C)111%.
• D)243%.

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Definitions:

Future Interest

A legal right to property ownership that will begin at a future date, rather than immediate possession.

Life Tenant

An individual who has the right to use or occupy a property during their lifetime, but does not own the property.

Reduce Its Value

Reduce Its Value refers to the process or event that diminishes the worth of an asset or commodity.

Rental Income

Earnings received from renting out property or real estate to tenants.