1. Identify the Given Probabilities
Let the possible outcomes for an individual be:
No side effects ($E_0$): $P(\text{No side effects}) = p_0 = \frac{4}{5}$
Mild side effects ($E_1$): $P(\text{Mild side effects}) = p_1 = \frac{2}{15}$
Severe side effects ($E_2$): $P(\text{Severe side effects}) = p_2 = \frac{1}{15}$
Verify the sum of probabilities:
$$\frac{4}{5} + \frac{2}{15} + \frac{1}{15} = \frac{12}{15} + \frac{2}{15} + \frac{1}{15} = \frac{15}{15} = 1$$
(The probabilities are valid).
2. Define the Random Variable of Interest
We are interested in the random variable $Y = X_1 + X_2$.
$X_1$: Number of individuals with mild side effects.
$X_2$: Number of individuals with severe side effects.
Therefore, $Y$ represents the number of individuals who developed any side effects (mild OR severe).
The probability of an individual developing any side effect ($p$) is the sum of the probabilities of mild and severe effects:
$$p = p_1 + p_2 = \frac{2}{15} + \frac{1}{15} = \frac{3}{15} = \frac{1}{5}$$
Alternatively, this is $1 - P(\text{No side effects}) = 1 - \frac{4}{5} = \frac{1}{5}$.
3. Identify the Distribution
Since the vaccine is administered to $n = 1000$ independent individuals, and we are counting the number of "successes" (where success = developing a side effect), the random variable $Y = X_1 + X_2$ follows a Binomial Distribution:
$$Y \sim B(n, p)$$
where $n = 1000$ and $p = 0.2$ ($\frac{1}{5}$).
4. Calculate Mean and Variance
For a Binomial distribution $B(n, p)$:
Mean ($E[Y]$):
$$\mu = n \cdot p = 1000 \cdot \frac{1}{5} = 200$$
Variance ($Var(Y)$):
$$\sigma^2 = n \cdot p \cdot (1 - p)$$
$$\sigma^2 = 1000 \cdot \frac{1}{5} \cdot \left(1 - \frac{1}{5}\right)$$
$$\sigma^2 = 1000 \cdot \frac{1}{5} \cdot \frac{4}{5}$$
$$\sigma^2 = 1000 \cdot \frac{4}{25} = 40 \cdot 4 = 160$$
Standard Deviation ($\sigma$):
$$\sigma = \sqrt{160} \approx 12.649$$
5. Calculate the Coefficient of Variation (CV)
The Coefficient of Variation is defined as the ratio of the standard deviation to the mean:
$$CV = \frac{\sigma}{\mu}$$
Substitute the values:
$$CV = \frac{\sqrt{160}}{200}$$
$$CV = \frac{4\sqrt{10}}{200}$$
$$CV = \frac{\sqrt{10}}{50}$$
Using $\sqrt{10} \approx 3.1622$:
$$CV \approx \frac{3.1622}{50} \approx 0.06324$$
6. Final Answer
Rounding off to two decimal places:
$$CV \approx 0.06$$
Answer: 0.06