Coefficient of Variation is …………….
Answers
Answer:
In probability theory and statistics, the coefficient of variation, also known as relative standard deviation, is a standardized measure of dispersion of a probability distribution or frequency distribution. It is often expressed as a percentage, and is defined as the ratio of the standard deviation to the mean.
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ᴛʜᴇ ᴄᴏᴇғғɪᴄɪᴇɴᴛ ᴏғ ᴠᴀʀɪᴀᴛɪᴏɴ (ᴄᴠ) ɪs ᴛʜᴇ ʀᴀᴛɪᴏ ᴏғ ᴛʜᴇ sᴛᴀɴᴅᴀʀᴅ ᴅᴇᴠɪᴀᴛɪᴏɴ ᴛᴏ ᴛʜᴇ ᴍᴇᴀɴ. ᴛʜᴇ ʜɪɢʜᴇʀ ᴛʜᴇ ᴄᴏᴇғғɪᴄɪᴇɴᴛ ᴏғ ᴠᴀʀɪᴀᴛɪᴏɴ, ᴛʜᴇ ɢʀᴇᴀᴛᴇʀ ᴛʜᴇ ʟᴇᴠᴇʟ ᴏғ ᴅɪsᴘᴇʀsɪᴏɴ ᴀʀᴏᴜɴᴅ ᴛʜᴇ ᴍᴇᴀɴ. ɪᴛ ɪs ɢᴇɴᴇʀᴀʟʟʏ ᴇxᴘʀᴇssᴇᴅ ᴀs ᴀ ᴘᴇʀᴄᴇɴᴛᴀɢᴇ. ... ᴛʜᴇ ʟᴏᴡᴇʀ ᴛʜᴇ ᴠᴀʟᴜᴇ ᴏғ ᴛʜᴇ ᴄᴏᴇғғɪᴄɪᴇɴᴛ ᴏғ ᴠᴀʀɪᴀᴛɪᴏɴ, ᴛʜᴇ ᴍᴏʀᴇ ᴘʀᴇᴄɪsᴇ ᴛʜᴇ ᴇsᴛɪᴍᴀᴛᴇ.
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