a random variable has the following probability distribution 20% chance of realizing a value of 500 and 80% chance of realizing a value of 0 the coefficient of variation of this random variable is

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter5: Probability: An Introduction To Modeling Uncertainty
Section: Chapter Questions
Problem 28P
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a random variable has the following probability distribution 20% chance of realizing a value of 500 and 80% chance of realizing a value of 0 the coefficient of variation of this random variable is

 

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