How to get coefficient of variation?
Understand the Problem
The question is asking for the method to calculate the coefficient of variation, which is a statistical measure that indicates the relative variability of a dataset compared to its mean. The coefficient of variation is calculated by dividing the standard deviation by the mean and then multiplying by 100 to express it as a percentage.
Answer
Divide the dataset's standard deviation by the mean and multiply by 100.
To calculate the coefficient of variation, divide the dataset's standard deviation by the mean and then multiply the result by 100.
Answer for screen readers
To calculate the coefficient of variation, divide the dataset's standard deviation by the mean and then multiply the result by 100.
More Information
The coefficient of variation (CV) is a useful statistical measure to compare the degree of variation between different datasets, especially when the data has different units or means.
Tips
Common mistakes include not converting the final result to a percentage by multiplying by 100, and not using the correct formulas to calculate mean and standard deviation.
