Question

Compute the coefficient of variation for the closing price of a stock in Hulu for a month during which the mean daily closing price was $18.60 with a standard deviation of $3.20. Give your answer as a percentage accurate to the hundredth of a percent. Include the percent symbol as the appropriate unit.

Answer 1

17.20%

Explanation:

The formula for Coefficient of a Variation is = Standard Deviation/Mean × 100%

From the question

Standard Deviation = $3.20

Mean = $18.60

Coefficient of Variation = $3.20/$18.60 × 100

= 0.1720430108 × 100

= 17.20430108%

Approximately to the hundredth of a percent

Coefficient of Variation = 17.20%