Average wages of workers of a factory are Rs. 550.00 per month and the standard deviation of wages is 110. The coefficient of variation is:
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UoH 2014 Question 66: Descriptive statistics and dispersion
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Descriptive statistics and dispersion has come up 117 times in 6 exams since 2004.
What this question tests
This question is on Measures of dispersion, part of Descriptive statistics and dispersion in Statistics.
How spread out data are: range, variance, standard deviation and relative measures.
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