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Coefficient of Variation Ratio Formula

GoCoefficient of Variation given Variance Formula

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Coefficient of Variation is ratio of standard deviation to mean of data. It expresses standard deviation as percentage of mean and is used to compare variability of datasets. Check FAQs

CV = \frac{σ}{μ}

CV - Coefficient of Variation?σ - Standard Deviation of Data?μ - Mean of Data?

Coefficient of Variation Ratio Example

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Here is how the Coefficient of Variation Ratio equation looks like with Values.

Here is how the Coefficient of Variation Ratio equation looks like with Units.

Here is how the Coefficient of Variation Ratio equation looks like.

0.7 = \frac{7}{10}

0.7 = \frac{7}{10}

0.7 = \frac{7}{10}

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Coefficient of Variation Ratio Solution

Follow our step by step solution on how to calculate Coefficient of Variation Ratio?

FIRST Step Consider the formula

CV = \frac{σ}{μ}

Next Step Substitute values of Variables

∴

CV = \frac{7}{10}

Next Step Prepare to Evaluate

∴

CV = \frac{7}{10}

LAST Step Evaluate

∴

CV = 0.7

Coefficient of Variation Ratio Formula Elements

Variables

Coefficient of Variation

Coefficient of Variation is ratio of standard deviation to mean of data. It expresses standard deviation as percentage of mean and is used to compare variability of datasets.

Symbol: CV

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Coefficient of Variation

Standard Deviation of Data

Standard Deviation of Data is the measure of how much the values in a dataset vary. It quantifies the dispersion of data points around the mean.

Symbol: σ

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Standard Deviation of Data

Mean of Data

Mean of Data is average value of all data points in a dataset. It represents the central tendency of data and is calculated by summing all values and dividing by the total number of observations.

Symbol: μ

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Mean of Data

Other Formulas to find Coefficient of Variation

Go Coefficient of Variation given Variance

CV = \frac{\sqrt{σ 2}}{μ}

Other formulas in Coefficients category

Go Coefficient of Range

CR = \frac{L - S}{L + S}

Go Coefficient of Quartile Deviation

CQ = \frac{Q 3 - Q 1}{Q 3 + Q 1}

Go Coefficient of Mean Deviation Percentage

CM % = (\frac{MD}{μ}) \cdot 100

Go Coefficient of Mean Deviation

CM = \frac{MD}{μ}

How to Evaluate Coefficient of Variation Ratio?

Coefficient of Variation Ratio evaluator uses Coefficient of Variation = Standard Deviation of Data/Mean of Data to evaluate the Coefficient of Variation, Coefficient of Variation Ratio formula is defined as the ratio of standard deviation to mean of data. It expresses standard deviation as percentage of mean and is used to compare variability of datasets. Coefficient of Variation is denoted by CV symbol.

How to evaluate Coefficient of Variation Ratio using this online evaluator? To use this online evaluator for Coefficient of Variation Ratio, enter Standard Deviation of Data (σ) & Mean of Data (μ) and hit the calculate button.

FAQs on Coefficient of Variation Ratio

What is the formula to find Coefficient of Variation Ratio?

The formula of Coefficient of Variation Ratio is expressed as Coefficient of Variation = Standard Deviation of Data/Mean of Data. Here is an example- 0.4 = 7/10.

How to calculate Coefficient of Variation Ratio?

With Standard Deviation of Data (σ) & Mean of Data (μ) we can find Coefficient of Variation Ratio using the formula - Coefficient of Variation = Standard Deviation of Data/Mean of Data.

What are the other ways to Calculate Coefficient of Variation?

Here are the different ways to Calculate Coefficient of Variation-

Coefficient of Variation=sqrt(Variance of Data)/Mean of Data

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Coefficient of Variation Ratio Formula

​GoCoefficient of Variation given Variance Formula

Coefficient of Variation Ratio Example

Coefficient of Variation Ratio Solution

Coefficient of Variation Ratio Formula Elements

Other Formulas to find Coefficient of Variation

Other formulas in Coefficients category

How to Evaluate Coefficient of Variation Ratio?

FAQs on Coefficient of Variation Ratio

Variable Name

GoCoefficient of Variation given Variance Formula