The coefficient of variation is best described as
A)A relative measure of dispersion.
B)An absolute measure of dispersion.
C)A relative measure of central location.
D)An absolute measure of central location.

Question

Quizplus · Accepted Answer

The coefficient of variation is a statistical measure that compares the standard deviation of a sample or population to its mean. It is a relative measure of dispersion because it represents the ratio of the standard deviation to the mean, expressed as a percentage. This allows for comparisons between datasets with different units or scales.

The Coefficient of Variation Is Best Described as