The problem is to find the mean and the coefficient of variation for the given data. The data consists of sales intervals, relative frequencies, and frequencies.
2025/3/12
1. Problem Description
The problem is to find the mean and the coefficient of variation for the given data. The data consists of sales intervals, relative frequencies, and frequencies.
2. Solution Steps
First, we need to calculate the midpoints () of each sales interval.
- 75-80:
- 80-85:
- 85-90:
- 90-95:
- 95-100:
- 100-105:
- 105-110:
- 110-115:
Next, calculate the sum of frequencies ().
Then, calculate the sum of , where is the frequency for each interval.
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Calculate the mean ().
(approximately)
Next, we need to calculate the standard deviation (). First, we need to calculate .
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Calculate the coefficient of variation (CV).
3. Final Answer
Mean = 97.785
Coefficient of Variation = 8.554%