Asked by Kamrie Scott on Sep 23, 2024

verifed

Verified

Is a standard deviation of 10 a large number indicating great variability,or is it small number indicating little variability? To answer this question correctly,one should look carefully at the value of the:

A) mean.
B) standard deviation.
C) coefficient of variation.
D) mean dividing by the standard deviation.

Coefficient of Variation

A measure of relative variability that describes the standard deviation as a percentage of the mean.

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how spread out the numbers are from the average.

  • Grasp the idea of standard deviation and its value as an indicator of dispersion, including every data point.
  • Understand the coefficient of variation to be a fundamental gauge of variability, especially useful for comparing data sets with markedly different means.
verifed

Verified Answer

OR
Owusu Ronald5 days ago
Final Answer :
C
Explanation :
The coefficient of variation (C) is the correct answer because it is a measure that indicates the extent of variability in relation to the mean of the population. It is calculated as the ratio of the standard deviation to the mean, and it provides a standardized measure of dispersion of a probability distribution or frequency distribution. This is useful for comparing the degree of variation from one data series to another, even if the means are drastically different from each other.