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The mean and standard deviation of a set...

The mean and standard deviation of a set of values are 5 and 2 respectively. If 5 is added to each value. then what is the coefficient of variation for the new set of values

A

10

B

20

C

40

D

70

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AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to follow these calculations: ### Step 1: Identify the given values - The initial mean (μ) of the set of values is 5. - The initial standard deviation (σ) of the set of values is 2. ### Step 2: Determine the new mean after adding a constant When we add a constant (in this case, 5) to each value in the dataset, the new mean (μ') can be calculated as: \[ \text{New Mean} = \text{Old Mean} + \text{Constant} = 5 + 5 = 10 \] ### Step 3: Determine the new standard deviation The standard deviation does not change when a constant is added to each value. Therefore, the new standard deviation (σ') remains the same as the original: \[ \text{New Standard Deviation} = \text{Old Standard Deviation} = 2 \] ### Step 4: Calculate the coefficient of variation (CV) The coefficient of variation is calculated using the formula: \[ \text{Coefficient of Variation (CV)} = \left( \frac{\text{Standard Deviation}}{\text{Mean}} \right) \times 100 \] Substituting the new values: \[ \text{CV} = \left( \frac{2}{10} \right) \times 100 = 20 \] ### Final Answer The coefficient of variation for the new set of values is **20**. ---
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