A plumbing supplier’s meanmonthly demand for vinyl washers is 24,212 with a standard deviationof 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? Explain.
Let us find the coefficient of variation for both the distributions and compare:
Coefficient of variation …
Step-by-step solution to the problem that compares dispersion of two distributions for vinyl washers and boilers.