The coefficients of variation of two distributions are 50 and 60 and their standard deviations are 25 and 15, respectively. What are their arithmetic means?
Given:
Let x̄1 and x̄2 be the means of 1st and 2nd distributions.
For the 1st distribution:
C.V. = (σ1 / x̄1) × 100
50 = (25 / x̄1) × 100
x̄1 = (25 / 50) × 100 = 50
For the 2nd distribution:
C.V. = (σ2 / x̄2) × 100
60 = (15 / x̄2) × 100
x̄2 = (15 / 60) × 100 = 25
Therefore: