[Steps Shown] Retail prices of five brand name 50-inch television sets and five brand name 25-inch television sets were advertised as follows: Compute the

Question:

Retail prices of five brand name 50-inch television sets and five brand name 25-inch television sets were advertised as follows:

Compute the range, sample mean, sample standard deviation and coefficient of variation for 50-inch TV sets.
Compute the range, sample mean, sample standard deviation and coefficient of variation for 25-inch TV sets.
Compare the answers for parts (a) and (b) and comment on the differences in the two sets of data.

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[Steps Shown] Retail prices of five brand name 50-inch television sets and five brand name 25-inch television sets were advertised as follows: Compute the

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