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The spread in the annual prices of stocks selling for under $10 and the spread in prices of those selling for over $60 are to be compared. The mean price of the stocks selling for under $10 is $7.55 and the standard deviation is $3.82. The mean price of those stocks selling for over $60 is $94.80 and the standard deviation is $7.58.
a. Not available in Connect
b. Compute the coefficients of variation. (Round the final answers to 2 decimal places.) Relative dispersion in stocks under $10 9% Relative dispersion in stocks over $60
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Can we conclude, at the 0.05 level of significance, that the population mean adult sodium level differs from that claimed by the laboratory?
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