To solve for the coefficient of variation you will need this formula:
CV = (SD/X) x 100
Where: CV = Coefficient of Variance
X = Mean/average
SD = Standard Deviation
To determine which one is more variable, just get the coefficient of both and compare.
AGE SALARY
CV = (6/55) x 100 CV = (4,100/37,000) x 100
= 10.90 = 11.08
Based on the results, salary is more variable because 10.90<11.08.
Answer:
The answer is mean
Step-by-step explanation:
The mean is the average cost of the socks, so finding the mean of both would give an average price to compare them to. :)
Answer:
0.3
Step-by-step explanation:
Given: The odds of winning a contest are 3:7
To find: probability of winning the contest
Solution:
Probability refers to chances of occurrence of an event.
Odds are defined as (chances for success) : (chances against success)
Probability of winning = (chances for success) : (chances for success + chances against success)
As odds of winning a contest are 3:7,
(chances for success) : (chances against success) = 3:7
So,
Probability of winning the contest = 