Coefficient of variation, Applied Statistics

Assignment Help:

Coefficient of Variation or C.V.

To compare the variability between or more series, coeffiecnt of variation is used, it is relative measure of dispersion, it innovated and used by Karl person in1895 for the first time .as such it is known   as karl person coefficient of variation, in the words of karl  Pearson  coefficient of variation is the percentage variation in the mean  the standard deviation being    treated as the total variation in the mean in other words coefficient of variation is 100 times of coefficient  of standard deviation, this measure of dispersion is used to compare the variability homogeneity , stability and    consistency between two or more distribution ,the following  formula is used. Coefficient of variation = standard deviation /Mean x100.


Related Discussions:- Coefficient of variation

Sampling error , Sampling Error  It is the difference between the value...

Sampling Error  It is the difference between the value of the actual population parameter and the sample statistic. Samples are used to arrive at conclusions regarding the p

Types of correlation, Type of Correlation 1.      Positive and Negat...

Type of Correlation 1.      Positive and Negative Correlation: 2.      Simple Partial and Multiple Correlations. 3.      Linear and  Non linear or Correlations

Probability and expectation, Ten balls are put in 6 slots at random.Then ex...

Ten balls are put in 6 slots at random.Then expected total number of balls in the two extreme slots

Simple linear regression model, The data le for this assignment is brain-b...

The data le for this assignment is brain-body-wts.txt, which lists the averages brain weights (gm) and body weights (kg) for a number of animal species. Your task is to t an appr

Multivariate statistical methods, As one of the oldest multivariate stati...

As one of the oldest multivariate statistical methods of data reduction, Principal Component Analysis (PCA)simplifies a dataset by producing a small number of derived

Modified distribution mathod, a b c d e supply p 3 4 6 8 8 20 q 2 6 0 5 8...

a b c d e supply p 3 4 6 8 8 20 q 2 6 0 5 8 30 r 7 11 20 40 3 15 s 1 0 9 14 6 13 d 15 3 12 10 20

Utility function, The decision maker ranks lotteries according to the utili...

The decision maker ranks lotteries according to the utility function (i) State the independence assumption. Does this decision maker satisfy it? (ii) Is this decision ma

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd