The coefficient of variation generally lies between what two values?
A) - 1 and + 1
B) - 3 and + 3
C) 0% and 100%
D) Unlimited values

Question

Quizplus · Accepted Answer

The coefficient of variation (CV) is defined as the ratio of the standard deviation to the mean of a data set, expressed as a percentage. Since the standard deviation is always non-negative, the CV cannot be negative. It could theoretically be infinite if the mean is zero, but in practical situations, it usually ranges between 0% and 100%. Therefore, the correct answer is C.

The Coefficient of Variation Generally Lies Between What Two Values