A data set has a mean of 50 and a standard deviation of 5. If 3 is added to each value, the new coefficient of variation is: MCQ with Answer and Explanation

A data set has a mean of 50 and a standard deviation of 5. If 3 is added to each value, the new coefficient of variation is:
A. Unchanged
B. 9.43%
C. 10%
D. 12%
Answer: Option B
Solution (By JKExamLibrary)
New mean = 53, SD unchanged=5. CV = (5/53)×100 ≈ 9.43%.

This question belongs to: Accountancy and Statistics Statistics

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