The mean and standard deviations of two brands of light bulbs are given below: Brand I Brand II Mean 800 hours 770 hours Standard deviation 100 hours 60 hours Calculate a measure of relative dispersion for the two brands and interpret the result.
Answers
Given : The mean and standard deviations of two brands of light bulbs
To find : a measure of relative dispersion for the two brands
Solution:
Coefficient of Variation is measure of relative dispersion
Coefficient of Variation = ( Standard Deviation / Mean) * 100 %
Brand 1
Mean = 800
Standard Deviation = 100
Coefficient of Variation = (100/800) * 100 = 12.5 %
Brand 2
Mean = 770
Standard Deviation =60
Coefficient of Variation = (60/770) * 100 = 7.8 %
Brand 2 has less relative Dispersion than Brand 1
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Brand 2 has lower relative dispersion
Given:
Mean Standard deviations
Brand 1 800 hours 100 hours
Brand 2 770 hours 60 hours
Find:
Measure of relative dispersion
Computation:
Coefficient of Variation is used to find measure of relative dispersion
Coefficient of Variation = (SD / Mean)100
Brand 1 Coefficient of Variation = (100 / 800)100
Brand 1 Coefficient of Variation = 12.5%
Brand 2 Coefficient of Variation = (60 / 770)100
Brand 2 Coefficient of Variation = 7.8%
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