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:

Capital Goods

Long-lasting goods acquired by a business to produce goods or services, as opposed to being sold directly to consumers.

Productive Resources

Inputs used in the production of goods or services in order to make an economic profit. These include land, labor, capital, and entrepreneurship.

Consumer Goods

Products and services that are purchased or consumed by individuals or households for their direct satisfaction and needs.

Pollution Permits

Allowances provided by government authorities that enable the holder to emit a specific amount of pollutants into the environment.