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    Statistics demand patterns for vinyl washers: relative variation

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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?

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    Solution Preview

    Calculate the coefficient of variation for both the distributions to compare:

    Coefficient of variation ...

    Solution Summary

    The demand patterns for vinyl washers in relative variations are determined.