Question

Define Co-efficient of variation?
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Answer 1

Answer:

The coefficient of variation (CV) is the ratio of the standard deviation to the mean. The higher the coefficient of variation, the greater the level of dispersion around the mean. It is generally expressed as a percentage. ... The lower the value of the coefficient of variation, the more precise the estimate.

Answer 2

$\Large\orange{\textbf {\textsf {Answer:}}}$

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.