3. A random sample of receipts for individuals eating at the Terrace Restaurant showed the sample mean to be i = $10.39 with sample standard deviation s $2.15. (a) Compute the coefficient of variation for this data. Interpret the meaning of this value in the context of this problem. (b) Use Chebyshev's Theorem to find the smallest interval centered on the mean in which we can expect at least 75% of the data to fall.
3. A random sample of receipts for individuals eating at the Terrace Restaurant showed the sample mean to be i = $10.39 with sample standard deviation s $2.15. (a) Compute the coefficient of variation for this data. Interpret the meaning of this value in the context of this problem. (b) Use Chebyshev's Theorem to find the smallest interval centered on the mean in which we can expect at least 75% of the data to fall.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question

Transcribed Image Text:A random sample of receipts for individuals eating at the Terrace Restaurant showed
the sample mean to be i = $10.39 with sample standard deviation s = $2.15.
3.
(a) Compute the coefficient of variation for this data. Interpret the meaning of this value in the
context of this problem.
(b) Use Chebyshev's Theorem to find the smallest interval centered on the mean in
which we can expect at least 75% of the data to fall.
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