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Sensor Technology wishes to determine its coefficient of variation as a company over time. The firm projects the following data (in millions of dollars): Year
Sensor Technology wishes to determine its coefficient of variation as a company over time. The firm projects the following data (in millions of dollars):
Year Profits: Expected Value Standard deviation
1 $93 $46 3 $140 $60 6 $224 $86 9 $264 $96 |
(a) | Compute the coefficient of variation (V) for each time period. (Round your answers to 2 decimal places.)
Year Coefficient of variation
1 ? 3 ? 6 ? 9 ?
b. Does the risk appear to be increasing over a period of time? |
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