In a study of two groups, the following results were obtained:

 

Group A

Group B

Sample size

20

25

Sample mean

22

23

Sample standard deviation

10

12

 

Which of the following statements is correct?

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  1. Group A is less variable than Group B because Group A's standard deviation is smaller.
  2. Group A is less variable than Group B because Group A's sample size is smaller.
  3. Group A is less variable than Group B because Group A's sample mean is smaller.
  4. Group A is less variable than Group B because Group A's coefficient of variation is smaller.

Answer (Detailed Solution Below)

Option 4 : Group A is less variable than Group B because Group A's coefficient of variation is smaller.
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Detailed Solution

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Concept:

\({\rm{Coefficient\;of\;variation}} = \frac{{{\rm{standard\;deviation}}}}{{{\rm{mean}}}}\)

Calculation:

Coefficient of variation for Group A = 10/22 = 0.4545

Coefficient of variation for Group B = 12/23 = 0.522

Group A is less variable than Group B because Group A's coefficient of variation is smaller.

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