Relative measures of dispersion-illustration, Mathematics

Assignment Help:

Illustration 2

  • In a described farm located in the UK the average salary of the employees is £ 3500 along with a standard deviation of £150
  • The similar firm has a local branch in middle Asia whether the average salaries are Kshs 8500 along with a standard deviation of Kshs.800

Find out the coefficient of variation in the two firms and briefly comment on the degree of dispersion of the salaries in the two firms.

First firm in the UK

  C.O.V             = (150/3500 )    x 100

            = 4.29%

Second firm in middle Asia

C.O.V  = (800/8500)   x 100

= 9.4%

Conclusively, as 4.29 percent < 9.4 percent then the salaries offered by the firm in UK is much closer to the mean described them in the case to the local branch in middle Asia


Related Discussions:- Relative measures of dispersion-illustration

Duality, how management making future decition by using duality

how management making future decition by using duality

How much do they save if they pay the bill inside 10 days, Oscar's Oil Comp...

Oscar's Oil Company provides customers a 5% discount if they pay their bill within 10 days. The Stevens' oil bill is $178. How much do they save if they pay the bill inside 10 days

Vector functions - three dimensional space, Vector Functions We very f...

Vector Functions We very firstly saw vector functions back while we were looking at the Equation of Lines. In that section we talked about them as we wrote down the equation o

#titlealgebra.., help solve these type equations.-4.1x=-4x+4.5

help solve these type equations.-4.1x=-4x+4.5

Determine the height of the washington monument, Determine the height of th...

Determine the height of the Washington Monument to the nearest tenth of a meter. a. 157.8 m b. 169.3 m c. 170.1 m d. 192.2 m c. The height of the monument is the add

Devide polynomials, what is the quotient of 20x to the power of 2 y-16x y t...

what is the quotient of 20x to the power of 2 y-16x y to the power of 2+ 8xy and -8xy

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd