Question: Coefficient of variation Metal Manufacturing has isolated four alternatives for meeting its need for increased production capacity. The following table summarizes data gathered relative to

Coefficient of variationMetal Manufacturing has isolated four alternatives for meeting its need for increased production capacity. The following table summarizes data gathered relative to each of these alternatives,

a.Calculate the coefficient of variation for each alternative.

b.If the firm wishes to minimize risk, which alternative do you recommend? Why?

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Part 1

a.The coefficient of variation for alternative A is

enter your response here.

(Round to three decimal places.)

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