Introductory Statistics 9th Edition

Published by Wiley
ISBN 10: 1-11905-571-7
ISBN 13: 978-1-11905-571-6

Chapter 3 - Section 3.2 - Measures of Dispersion for Ungrouped Data - Exercises - Page 97: 3.43


The relative variation in the salaries is smaller than in years of experience for the employees.

Work Step by Step

Coefficient of variation for the salaries = $6820/$62350*100 = 10.9383% Coefficient of variation for the years of experience = 2/15*100 = 13.3333% The coefficient of variation for the salaries is lower, therefore it has smaller relative variation than that in the years of experience.
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