Practice Problems on How to calculate Coefficient of Variation?
1. Calculate the coefficient of variation for a data set with the following values: 10, 15, 20, 25, 30.
2. Given a data set with the following values: 8, 12, 16, 20, 24, calculate the coefficient of variation.
3. Calculate the coefficient of variation for a sample with the following standard deviation and mean: standard deviation = 4 and mean = 18.
4. If a data set has a mean of 50 and a coefficient of variation of 0.1, what is the standard deviation of the data set?
5. Given a data set with the following values: 2, 4, 6, 8, 10, find the coefficient of variation.
How to calculate Coefficient of Variation?
How to calculate the Coefficient of Variation? Statistics is the process by which the data is collected and analyzed. The coefficient of variation in statistics is explained as the ratio of the standard deviation to the arithmetic mean, for instance, the expression standard deviation is 15 % of the arithmetic mean is the coefficient variation.
This article provides the steps to calculate the coefficient of variation along with solved examples and practice problems.
Table of Content
- What is the Coefficient of variation?
- Steps to Calculate the Coefficient of Variation
- How to calculate Coefficient of Variation in context to Finance
- Sample Problems on How to calculate Coefficient of Variation
- Practice Problems on How to calculate Coefficient of Variation?
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