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?
Calculate the coefficient of variation for both the distributions to compare:
Coefficient of variation …
The demand patterns for vinyl washers in relative variations are determined.