For the study purpose, the mean of the observations is 148 gm and standard deviation is 17.4 gm. Approximately, the coefficient of variation equals to:
0.12
The Coefficient of Variation is the ratio of standard deviation to mean:
\[CV = \frac{\sigma}{\bar{x}} = \frac{17.4}{148} \approx 0.1176\]
Rounded to two decimals this is 0.12.
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?