Asked by Novendra Santoso on Sep 23, 2024
Verified
The coefficient of variation allows us to compare two sets of data based on different measurement units.
Coefficient Of Variation
A standardized measure of the dispersion of a probability distribution or frequency distribution.
- Acquire knowledge about the link between standard deviation, variance, and the fundamental measurement units.
Verified Answer
ME
Mehmet Emin ÖZGÜVEN2 days ago
Final Answer :
True
Explanation :
The coefficient of variation is a standard statistical measure that allows us to compare two sets of data based on different measurement units by normalizing the standard deviation relative to the mean of the data. Therefore, the coefficient of variation is particularly useful when comparing the variability of data sets that have different ranges or units of measurement.
Learning Objectives
- Acquire knowledge about the link between standard deviation, variance, and the fundamental measurement units.