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Compute the mean and standard deviation for albania

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Reference no: EM131670518

Question: During the 1990s, businesses were expected to show a lot of interest in Central and Eastern European countries. As new markets began to open, American businesspeople needed a better understanding of the market potential there. The following are the per capita GDP figures for eight of these European countries published by the World Almanac.

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a. Compute the mean and standard deviation for Albania, Bulgaria, Croatia, and Czech Republic.

b. Compute the mean and standard deviation for Hungary, Poland, Romania, and Bosnia/Herzegovina.

c. Use a coefficient of variation to compare the two standard deviations. Treat the data as population data.

Reference no: EM131670518

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