The coefficient of variation for a mean of 10,000 and standard deviation of 15,000 is:

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare for the CPCU 500 Exam with in-depth questions and detailed explanations. Utilize flashcards and multiple-choice questions to enhance your learning and ensure exam readiness.

Multiple Choice

The coefficient of variation for a mean of 10,000 and standard deviation of 15,000 is:

Explanation:
The coefficient of variation measures how large the variability is relative to the mean, expressed as a dimensionless ratio. It’s found by dividing the standard deviation by the mean, so it can be compared across data sets with different scales. Here, divide 15,000 by 10,000 to get 1.5, which is 1.50 in decimal form. This means the variability is 150% of the mean. Among the options, 1.50 matches this result.

The coefficient of variation measures how large the variability is relative to the mean, expressed as a dimensionless ratio. It’s found by dividing the standard deviation by the mean, so it can be compared across data sets with different scales.

Here, divide 15,000 by 10,000 to get 1.5, which is 1.50 in decimal form. This means the variability is 150% of the mean. Among the options, 1.50 matches this result.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy