For the previous problem, compare the coefficient of variation before and after the price increase. Why does
Question:
For the previous problem, compare the coefficient of variation before and after the price increase. Why does it change (or not change) in this way?.
Previous Problem
Your costs had been forecast as having an average of $138,000 with a standard deviation of $35,000. You have just learned that your suppliers are raising prices by 4% across the board.
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