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.© BrainMass Inc. brainmass.com December 24, 2021, 8:27 pm ad1c9bdddf
Let us find the coefficient of variation for both the distributions and compare:
Coefficient of variation ...
Step-by-step solution to the problem that compares dispersion of two distributions for vinyl washers and boilers.