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If coefficient of variation is 60 and st...

If coefficient of variation is 60 and standard deviation is 24, then arithmetic mean is :

A

`20/7`

B

`7/20`

C

`1/40`

D

`40`

Text Solution

AI Generated Solution

The correct Answer is:
To find the arithmetic mean when the coefficient of variation (CV) and standard deviation (SD) are given, we can use the formula for the coefficient of variation: \[ CV = \left( \frac{SD}{\text{Mean}} \right) \times 100 \] Given: - Coefficient of Variation (CV) = 60 - Standard Deviation (SD) = 24 We need to find the arithmetic mean (Mean). ### Step-by-Step Solution: 1. **Set up the equation using the CV formula:** \[ 60 = \left( \frac{24}{\text{Mean}} \right) \times 100 \] 2. **Rearrange the equation to isolate the Mean:** \[ \frac{24}{\text{Mean}} = \frac{60}{100} \] 3. **Simplify the right side:** \[ \frac{60}{100} = 0.6 \] So we have: \[ \frac{24}{\text{Mean}} = 0.6 \] 4. **Cross-multiply to solve for Mean:** \[ 24 = 0.6 \times \text{Mean} \] 5. **Divide both sides by 0.6 to find the Mean:** \[ \text{Mean} = \frac{24}{0.6} \] 6. **Calculate the Mean:** \[ \text{Mean} = 40 \] Thus, the arithmetic mean is **40**.
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