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    Statistics: Compare the dispersion of two distributions for

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    A plumbing supplier's mean monthly demand for vinyl washers is 24,212 with a standard deviation of 6,053. The mean monthly demand for steam boilers is 6.8 with a standard deviation of 1.7.

    Compare the dispersion of these distributions. Which demand pattern has more relative variation? Explain.

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    Solution Preview

    Let us find the coefficient of variation for both the distributions and compare:

    Coefficient of variation ...

    Solution Summary

    Step-by-step solution to the problem that compares dispersion of two distributions for vinyl washers and boilers.