Given population parameters for two populations, population 1 has a mean of 800 and a standard deviation equal to 40. Population 2 has a mean of 21,000 and a standard deviation equal to 4,000.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
icon
Related questions
Question

Parameters

Given population parameters for two populations, population 1 has a mean of 800 and a standard
deviation equal to 40. Population 2 has a mean of 21,000 and a standard deviation equal to
4,000.
Compute the coefficient of variation for each population.
The coefficient of variation for population 1 is:
(Round to one decimal place as needed, do not include % sign in your answer)
The coefficient of variation for population 2 is:
%24
(Round to one decimal place as needed, do not include % sign in your answer)
Which population has data values that are more variable relative to the size of their population
mean? Only state the # population, do not use words.:
Transcribed Image Text:Given population parameters for two populations, population 1 has a mean of 800 and a standard deviation equal to 40. Population 2 has a mean of 21,000 and a standard deviation equal to 4,000. Compute the coefficient of variation for each population. The coefficient of variation for population 1 is: (Round to one decimal place as needed, do not include % sign in your answer) The coefficient of variation for population 2 is: %24 (Round to one decimal place as needed, do not include % sign in your answer) Which population has data values that are more variable relative to the size of their population mean? Only state the # population, do not use words.:
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill