00:01
Hey there, welcome to numerate.
00:03
We were asked to find the coefficient of variation of bank a, the waiting times at bank a.
00:10
So the equation here for the coefficient of variation is cv equals the population standard deviation divided by the population mean times 100%.
00:25
All right.
00:29
So with this here, we have our coefficient of variation.
00:34
Equally, standard deviation, so we would have to find the mean first.
00:40
So let's actually solve for the mean.
00:43
Where the mean, we know it equals the sum of x divided by the sample size of 10, where we can say this is a population size.
00:52
Given us a mean of 7 .16.
00:57
Now we can find our population standard deviation, which is the square root of the sum of square...