Asked by Kylann Tourtillott on Apr 23, 2024
Verified
The coefficient of variation is the
A) same as the variance.
B) standard deviation divided by the mean times 100.
C) square of the standard deviation.
D) mean divided by the standard deviation.
Coefficient of Variation
A metric that quantifies the spread of data points around the mean within a dataset, represented as a percentage of the mean itself.
Variance
A statistical measure of the dispersion of a set of data points in a data distribution, showing how each data point differs from the mean.
- Execute calculations to find the variance and standard deviation, and interpret their meanings for a collection of data points.
Verified Answer
JM
Jolene McCall5 days ago
Final Answer :
B
Explanation :
The coefficient of variation is defined as the ratio of the standard deviation to the mean, expressed as a percentage. Therefore, it is calculated as (standard deviation/mean) × 100%. Option B represents this calculation.
Learning Objectives
- Execute calculations to find the variance and standard deviation, and interpret their meanings for a collection of data points.