In planning its budget for the coming year, the controller of the Warrenburg Corporation obtained the following data concerning sales for one of the company 's products for the most recent 60 months Monthly Sales Volume Frequency 10,000 9 11,000 15 12,000 18 13,000 9 14,000 6 15,000 3 The contribution margin per unit for the coming month is expected to be $10 Required (1) What is the expected value of the monthly contribution margin for the product (2) Compute the coefficient of variation of the contribution margin from the product

Question: In planning its budget for the coming year, the controller of the Warrenburg Corporation obtained the following data concerning sales for one of the company's

In planning its budget for the coming year, the controller of the Warrenburg obtained the following data concerning sales for one of the company's products for the most recent 60 months:
Monthly Sales Volume Frequency
10,000 ..................................... 9
11,000 .....................................15
12,000 .....................................18
13,000 ..................................... 9
14,000 ..................................... 6
15,000 ..................................... 3
The per unit for the coming month is expected to be $10.
Required:
(1) What is the expected value of the monthly for the product?
(2) Compute the coefficient of variation of the from the product.

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