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Coefficient of Variation

SALES ($000) Probabilities
240 0.15
280 0.2
320 0.3
360 0.2
400 0.15

A. Calculate the Expected Revenue

B. Calculate the Standard Deviation

C. Calculate the Coefficient of Variation

Draw a Bar graph for each situation.

© BrainMass Inc. brainmass.com August 19, 2018, 3:19 am ad1c9bdddf

Solution Summary

The solution calculates the coefficient of variation, the standard deviation and the expected revenue. It also draws a bar graph for each situation.

$2.19