coefficient of variation

It is defined as the ratio of the standard deviation to the mean. It is a normalized measure of dispersion and it is used to compare the dispersion of populations.

 


Example: If the mean of set A is 10 and SA = 3, and the mean of the set B is 15 and SB = 4, the set A has more relative dispersion than B because CVA= 0,3 and CVB= 0,27.

 

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