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Calculate the coefficient of variation

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Reference no: EM133036081

Janie loves shopping from online small business thrift stores. Earlier this month she ordered from twostores, let's call them store A and B. The only downside Janie has noticed shopping from these stores is sometimes her orders get lost in the mail. Below is the information on how much she spent at each store and the probability it gets lost in the mail.Store A: $50 with a loss probability of 0.25?Store B: $75 with a loss probability of 0.15

a. Make a probability distribution including all possible losses.

b. Calculate the coefficient of variation.

Reference no: EM133036081

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