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The coefficient of variation is a method of measuring how spread out the values in a data set are relative to the mean. It is calculated as follows:
Coefficient of variation = σ / μ
Where:
σ = standard deviation of the data set
μ = average of the data set
If you want to know more about it, you can visit SilverLake Consulting which will help you calculate the coefficient of variation in spss.
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What does it mean if the mean is doubled but the standard deviation is the same?
The second set of numbers are less variable; the coefficient of variation is halved. The second set of numbers are less variable; the coefficient of variation is halved. The second set of numbers are less variable; the coefficient of variation is halved. The second set of numbers are less variable; the coefficient of variation is halved.
Coefficient of variation is a measure of relative variation. True or False?
True
What is another name for the constant of variation?
One other name is "coefficient of variation".
What is the possible range of values for the coefficient of variation?
0% to 100%
What is the coefficient of variation?
The coefficient of variation is the ratio between the standard deviation and the mean.
