The following are per capita GDP figures for eight eastern European countries according to the World Bank.
Question:
The following are per capita GDP figures for eight eastern European countries according to the World Bank. The monetary figures are in international dollars; for comparison, the per capita GDP for the United States is 59,532 international dollars.
a. Compute the mean and standard deviation for Albania, Bosnia and Herzegovina, Bulgaria, and Croatia. Treat the data as population data.
b. Compute the mean and standard deviation for the Czech Republic, Hungary, Poland, and Romania. Treat the data as population data.
c. Compute a coefficient of variation for the countries in (a) and for the countries in (b). Compare the two coefficients of variation in light of each group’s standard deviation.
Step by Step Answer:
Business Statistics For Contemporary Decision Making
ISBN: 9781119607458
10th Edition
Authors: Ken Black