Question

Suppose you are given the following information about students at Texas State: Mean monthly income: 1,000 US dollars Standard deviation: 220 dollars. A colleague from Mexico reports on students at TecMilenio University in Monterrey: Mean monthly income: 13,000 Mexican pesos Standard deviation: 2,500 pesos. Which group of students shows the greatest relative variation?

Answer 1

SD Relative variation *100 Mean students at Texas state- Relative variation 220 * 100 z 22% 1000 where 220 in SD and 1000 is the mean. students at Tec Midemo University in Monterrey - Relative variation 2500 * 100 = 19.23% 13000 where 2500 in SD and 13000 in the mean. so, students at Texas state shows greater sulatine variation ICS Scanned with CamScanner