Coefficient of Variation
4 important questions on Coefficient of Variation
What is a Coefficient of Variation, conceptually?
What is the difference between a Coefficient of Variation and a Standard deviation (and perhaps the Variance as well), if they all tell you how spread out the data is?
How do you calculate the Coefficient of Variation?
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How do you interpret the Coefficient of Variation?
So the bigger the CV, the more spread out the data is around the mean.
The question on the page originate from the summary of the following study material:
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