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Management · Q236

Business Statistics

Graduate and Post Graduate · Management · question 236

Q236

Each day a worker (M) produces 100 goods with a standard deviation of 5, while another worker (N) produces 200 goods with a standard deviation of 15. Which of the following statement is correct?

A.
Worker M has lesser variability with coefficient of variance at 5%
Answer
B.
Worker M has higher variability with coefficient of variance at 7.5%
C.
Worker N has lesser variability with coefficient of variance at 5%
D.
Worker N has higher variability with coefficient of variance at 7%

Answer: Option A

Solution

Answer: Option A
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