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Coefficient of variation

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Southwest Airlines is studying the weight of luggage for each passenger. For a large group of domestic passengers, the mean is 47 pounds with a standard deviation of 10 pounds. For a large group of overseas passengers, the mean is 78 pounds and the standard deviation is 15 pounds. Compute the relative dispersion of each group. Comment on the difference in relative dispersion.

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Solution Summary

This discusses the concept of coefficient of variation.

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Coefficient of variation is a measure of relative dispersion.
It's formulae = (standard deviation/Mean)*100
For a large group of domestic passengers, the mean is 47 pounds with a ...

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