For the recorded observation, the coefficient of variation is 20 and the variance is 16. The arithmetic mean is:
20
Step 1 — Standard deviation:
\[\sigma=\sqrt{\text{Variance}}=\sqrt{16}=4\]
Step 2 — Apply the CV formula \(\text{CV}=\dfrac{\sigma}{\bar{x}}\times 100\):
\[20=\dfrac{4}{\bar{x}}\times 100 \implies \bar{x}=\dfrac{400}{20}=20\]
The arithmetic mean is 20.
Consider the following statements:
1. Coefficient of variation depends on the unit of measurement of the variable.
2. Range is measure of dispersion.
3. Mean deviation is least when measured about median.
Which of the above statements are correct?In a study of two groups, the following results were obtained:
Group A | Group B | |
Sample size | 20 | 25 |
Sample mean | 22 | 23 |
Sample standard deviation | 10 | 12 |
Which of the following statements is correct?