Coefficient of Variation
Not what you're looking for?
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.
Purchase this Solution
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.
Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.