a. The coefficient of variation, expressed as a percent, is used to describe the standard deviation relative
Question:
Find the coefficient of variation (C.V.) for the following two samples:
Sample A (Service in years of 10 employees):
10 35 40 12 15 11 17 16 15 25
Sample B (Number of new cars sold at a dealership over 7 days): 8 5 12 3 0 6 3
b. Genichi Taguchi developed a method of improving quality and reducing manufacturing costs through a combination of engineering and statistics. A key tool in the Taguchi method is the signal-to-noise ratio. The simplest way to calculate this ratio is to divide the mean by the standard deviation. Find the signal-to-noise ratio for the sample data given in part (a).
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