ren population parameters for two populations, population 1 has a mean of 300 and a stan ndard deviation equal to 3,000. Complete parts a and b below. Compute the coefficient of variation for each population. e coefficient of variation of population 1 is %. pund to one decimal place as needed.) e coefficient of variation of population 2 is %. pund to one decimal place as needed.) Which population has data values that are more variable relative to the size of their popula A. Population 2 B. Population 1 C. Both populations are equally variable relative to their population means.

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Given population parameters for two populations, population 1 has a mean of 300 and a standard deviation equal to 30. Population 2 has a mean of 22,000 and a
standard deviation equal to 3,000. Complete parts a and b below.
a) Compute the coefficient of variation for each population.
The coefficient of variation of population 1 is
%.
(Round to one decimal place as needed.)
The coefficient of variation of population 2 is
%.
(Round to one decimal place as needed.)
b) Which population has data values that are more variable relative to the size of their population mean?
O A. Population 2
O B. Population 1
O C. Both populations are equally variable relative to their population means.
Transcribed Image Text:Given population parameters for two populations, population 1 has a mean of 300 and a standard deviation equal to 30. Population 2 has a mean of 22,000 and a standard deviation equal to 3,000. Complete parts a and b below. a) Compute the coefficient of variation for each population. The coefficient of variation of population 1 is %. (Round to one decimal place as needed.) The coefficient of variation of population 2 is %. (Round to one decimal place as needed.) b) Which population has data values that are more variable relative to the size of their population mean? O A. Population 2 O B. Population 1 O C. Both populations are equally variable relative to their population means.
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