Which of the following is the equation for calculating the coefficient of variation (CV)?
A)CV = standard deviation/mean
B)CV = standard deviation - z-score/mean (total variation)
C)CV = value of observation's distance from mean/standard deviation
D)CV = mean/(standard deviation)²

Question

Quizplus · Accepted Answer

The equation for calculating the coefficient of variation (CV) is CV = standard deviation/mean. This ratio tells us how much variation there is in the data compared to the mean. The CV is useful when comparing datasets with different means, as it provides a standardized measure of variation.

Which of the Following Is the Equation for Calculating the Coefficient