Coefficient of Variation

The range of a set of data is the difference between the maximum value and the minimum value. The coefficient of variation for a set of non-negative sample or population data, expressed as a percent, describes the standard deviation relative to the mean.

 - Triola (2009)

Example

This video example will show you how to calculate coefficient of variation.

Related Videos

 

Range and Standard Deviation

Variance (sample and population)

Transcript

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