answersLogoWhite

0


Best Answer

It's a way of obtaining a measure of dispersion that is dimension-free.

User Avatar

Wiki User

βˆ™ 11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the importance of coefficient of variation?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is coefficient variation?

it is da same as coefficient of determination


Is it possible for a coefficient of variation to be negative?

Of course it is! If the mean of a set of data is negative, then the coefficient of variation will be negative.


Is it possible for a coefficient of variation to be negative Explain.?

Of course it is! If the mean of a set of data is negative, then the coefficient of variation will be negative.


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.


What is the meaning of CVS?

coefficient of variation


Coefficient of variation is a measure of relative variation. True or False?

True


Can you have a negative coefficient in a direct variation?

Yes, you can have a negative coefficient in a direct variation. So if you had y = -7x, that would be a direct variation. If you have y = -x, I do not know, if that is what you mean. Hope it helped.


What is another name for the constant of variation?

One other name is "coefficient of variation".


How do you calculate coefficient of variation in spss?

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 = Οƒ / ΞΌ Where: Οƒ = standard deviation of the data set ΞΌ = 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.


Find the coefficient of variation for first 'n' natural nombers?

I have found the coefficient of variation of the first natural numbers and also other functions.


Is it possible for a coefficient of variation of a set of data to be zero Explain.?

Yes it is. If all the observations have the same non-zero value then the coefficient of variation will be zero.


Determine Coefficient of variation from the mean and standard deviation?

Coeff of Variation = Mean/SD