A store chooses one day of the year to have a major sale. The probability that the sale day will occur in either winter, spring,
summer, or fall is shown in the table.
What is the likelihood that the sale day will occur in either winter, spring, summer, or fall? Move the seasons to the blanks to show the order
from LEAST likely to most likely.
What is the likelihood that the sale day will occur in either winter, spring, summer, or fall? Move the seasons to the blanks to show the order
from LEAST likely to most likely.
1 answer:
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Answer:
The coefficient of variation after the tax is imposed is 0.033
Step-by-step explanation:
Given
--- mean
--- variance
Required
The coefficient of variation
The coefficient of variation is calculated using:
After the tax, the new mean is:
And the new variance is:
So, we have: