in a given set of observations the product of arithmetic mean and coefficient of variation is
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variation in the observations about the middle ... Mean deviation about their median M is given by ... mean. 15.1.2 Coefficient of variation It is sometimes useful
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The product of Arithmetic mean and Coefficient of variation results in the Standard Deviation.
EXPLANATION:
- The formula for Coefficient of variation is CV = σ/μ.
- σ- stands for the standard deviation.
- μ- is the mean .
- CV- stands for the coefficient of variation.
The product of the coefficient of variation and the arithmetic mean would result in:
CV x μ = σ
The product of arithmetic mean and coefficient of variation gives us the Standard deviation of the given set.
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