The coefficient of variation is best described as ________.
A) a relative measure of dispersion
B) an absolute measure of dispersion
C) a relative measure of central location
D) an absolute measure of central location

Question

Quizplus · Accepted Answer

The coefficient of variation is a ratio of the standard deviation to the mean, which makes it a relative measure of dispersion. It is used to compare the degree of variation in different sets of data, particularly when the means and standard deviations are not in the same units.

The Coefficient of Variation Is Best Described as ________