Calculate coefficient of variation for newsstand and pilots

Assignment Help Operation Management
Reference no: EM131724928

The average number of newspapers for sale in an airport newsstand is 12, and the standard deviation is 4. The average age of pilots is 36 with a standard deviation of 6. Given these, calculate: a) Calculate the coefficient of variation for newsstand and for pilots. b) Compare the two coefficients that you calculated and indicate which one is more variable?

Reference no: EM131724928

Questions Cloud

Tax planning-safe harbour advice from the ato : As a taxpayer, you have the right to arrange your financial affairs to keep your tax to a minimum.
Governs regulatory compliance of the manufacturer : Which administrative agency governs regulatory compliance of the manufacturer?
General education courses-foundation courses-major courses : An online university has a stable student population of 20,000 over the years. General education courses, Foundation courses, Major courses.
Counterpart in commercial entrepreneurship : Which of the following statements does not describe difference between a social entrepreneurial opportunity and its counterpart in commercial entrepreneurship?
Calculate coefficient of variation for newsstand and pilots : Calculate the coefficient of variation for newsstand and for pilots.
What is your assessment of the forecasting methods used : Evaluate the quality of the forecasts using, Bias, MAD, MAPE. What is your assessment of the forecasting methods used?
Personality tests to make recruiting and promotion decisions : Do you think employers should use integrity and personality tests to make recruiting and promotion decisions? Why or why not?
What is the optimal order frequency : what is the optimal order frequency and order size from the combined orders?
The creation view of entrepreneurial opportunity : The “creation view” of entrepreneurial opportunity. Social entrepreneurship is a construct with three dimensions.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd