Which of the following can be used to give us a relative value of risk when the means of the distributions are not equal?
A)Confidence level
B)Standard deviation
C)Coefficient of variation
D)Semivariance
E)Range

Question

Quizplus · Accepted Answer

The Coefficient of Variation (C) is used to give us a relative value of risk when comparing distributions with unequal means because it is a standardized measure of dispersion of a probability distribution or frequency distribution. It is calculated as the ratio of the standard deviation to the mean, allowing for comparison of the degree of variation from one data series to another, even if the means are drastically different.

Which of the Following Can Be Used to Give Us