The coefficient of variation is expressed in:a. Percentageb. Decimalc. Ratiod. Integer
Question
The coefficient of variation is expressed in:
a. Percentage
b. Decimal
c. Ratio
d. Integer
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Solution
Break Down the Problem
- Determine the definition of the coefficient of variation (CV).
- Identify how the CV is generally expressed in statistics.
Relevant Concepts
- The coefficient of variation is a statistical measure that expresses the ratio of the standard deviation to the mean, often used to assess the relative variability of data.
Analysis and Detail
- The formula for the coefficient of variation is: where is the standard deviation and is the mean. Multiplying by 100% indicates that it is expressed as a percentage.
Verify and Summarize
- Since the CV represents a relative measure of variability in the form of a percentage, the appropriate expression is clearly a percentage.
Final Answer
The coefficient of variation is expressed in: a. Percentage.
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