(Answered) Question during the 1990s businesses were expected to show

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Question: During the 1990s, businesses were expected to show a lot of interest in Central and Eastern European countries. As new markets began to open, American businesspeople needed a better understanding of the market potential there. The following are the per capita GDP figures for eight of these European countries published by the World Almanac.

a. Compute the mean and standard deviation for Albania, Bulgaria, Croatia, and Czech Republic.

b. Compute the mean and standard deviation for Hungary, Poland, Romania, and Bosnia/Herzegovina.

c. Use a coefficient of variation to compare the two standard deviations. Treat the data as population data.

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