6-4 r = (0.1)(-50%) + (0.2)(-5%) + (0.4)(16%) + (0.2)(25%) + (0.

1)(60%)
= 11.40%

σ 2= (-50% - 11.40%)2(0.1) + (-5% - 11.40%)2(0.2) + (16% - 11.40%)2(0.4)

+ (25% - 11.40%)2(0.2) + (60% - 11.40%)2(0.1)

σ 2= 712.44; σ = 26.69%
26.69 %
CV= = 2.34
11.40 %

6-5 a. r m= (0.3)(15%) + (0.4)(9%) + (0.3)(18%) = 13.5%

r j = (0.3)(20%) + ((0.4)(5%) + (0.3)(12%) = 11.6%
b. σ M = [(0.3)(15% - 13.5%)2 + (0.4)(9% - 13.5%)2 + (0.3)(18% - 13.5%)2]1/2
= √ 14.85 % = 3.85%
σ J = [(0.3)(20% - 11.6%)2 + (0.4)(5% - 11.6%)2 + (0.3)(12% - 11.6%)2]1/2

= √ 38.64 % = 6.22%
3.85 %
c. CVM = = 0.29
13.5 %
6.22%
CVJ = = 0.54
11.6 %