The data below show the average number of orders shipped daily (x) during the past 8 months and the average value of each order (y) .Use the coefficient of variation to compare the degree of variation in each of the two data sets and use the result to identify which data set shows the greater degree of variation.
A) With a Coefficient of Variation equal to .032 (or 3.2%) , x shows the greater variation.
B) With a Coefficient of Variation equal to .036 (or 3.6%) , y shows the greater variation.
C) With a Coefficient of Variation equal to .092 (or 9.2%) , y shows the greater variation.
D) With a Coefficient of Variation equal to .046 (or 4.6%) , y shows the greater variation.
E) With a Coefficient of Variation equal to .058 (or 5.8%) , x shows the greater variation.
Correct Answer:
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