Coefficient variation example
Understand the Problem
The question is asking for an illustrative example of coefficient variation. This involves calculating the coefficient of variation, which is a statistical measure of the relative dispersion of data points in a data series around the mean. It's calculated as the ratio of the standard deviation to the mean.
Answer
If a dataset has a standard deviation of 5 and a mean of 50, the coefficient of variation is 10%.
Here's an example of how to calculate the coefficient of variation: If a dataset has a standard deviation of 5 and a mean of 50, the coefficient of variation is (5 / 50) = 0.10, or 10%.
Answer for screen readers
Here's an example of how to calculate the coefficient of variation: If a dataset has a standard deviation of 5 and a mean of 50, the coefficient of variation is (5 / 50) = 0.10, or 10%.
More Information
The coefficient of variation (CV) is a statistical measure of the relative dispersion of data points in a data series around the mean. It is calculated as the ratio of the standard deviation to the mean (average). It is often expressed as a percentage.
Tips
A common mistake is not multiplying by 100 to express the CV as a percentage.
Sources
- Interpreting the Coefficient of Variation - articles.outlier.org
AI-generated content may contain errors. Please verify critical information
