Sensor Technology wishes to determine its coefficient of variation as a company over time. The firm projects the following data (in millions of
dollars):
Year_______Profits:Expected Value______Standard Deviation
1_________________$93____________________$34
3_________________$157___________________$65
6_________________$206___________________$98
9_________________$226___________________$120
Compute the coefficient of variation (V) for each time period. (Round your answers to 2 decimal
places.)
Year 1-
Year 3-
Year 6-
Year 9-
b. Does the risk appear to be increasing over a period of time?