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Variance on Shelter Sample Data

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You want to make a statement about the variability in the costs of personnel shelters. After collecting sample data (cost in $K) on 9 shelters you perform some preliminary calculations.

Given the information provided:

The coefficient of variation is about 17.64%

The variance is about $61.72K

The standard deviation is about $79.36K

The coefficient of variation is about 18.86%

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Solution Summary

This solution logically arrives at the right option by performing necessary calculations. Attached in Word.

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