In planning its budget for the coming year, the controller of the Warrenburg Corporation obtained the following

Question:

In planning its budget for the coming year, the controller of the Warrenburg obtained the following data concerning sales for one of the company's products for the most recent 60 months:
Monthly Sales Volume Frequency
10,000 ..................................... 9
11,000 .....................................15
12,000 .....................................18
13,000 ..................................... 9
14,000 ..................................... 6
15,000 ..................................... 3
The per unit for the coming month is expected to be $10.
Required:
(1) What is the expected value of the monthly for the product?
(2) Compute the coefficient of variation of the from the product. Contribution Margin
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