Coefficient of variation,
Definition of Coefficient of variation:
Ratio of standard deviation to mean, it is a rough measure of relative dispersion in probability distribution and serves as a measure of relative risk. Also called Pearsons coefficient of variation after its formulator Karl Pearson.
How to use Coefficient of variation in a sentence?
- If you can figure out the coefficient of variation you may be able to accurately predict the bad before it happens.
- Sometimes there will be small determining factors within a new project and figuring out the coefficient of variation can really help.
- The coefficient of variation indicated that the source of profit generating activities was exactly was we had predicted in our research.
Meaning of Coefficient of variation & Coefficient of variation Definition
