If the mean of a frequency distribution is 100 and the coefficient of variation is 45%, then what is the value of the variance?
2025
This question asks us to find the variance of a frequency distribution given its mean and coefficient of variation. Let's break down how to solve this using the definitions and formulas related to these statistical measures.
We are given:
We need to find the Variance (\(\sigma^2\)).
The Coefficient of Variation (CV) is a measure of relative variability. It expresses the standard deviation as a percentage of the mean. This is useful for comparing the degree of variation between data sets, even if their means are drastically different. The formula for the Coefficient of Variation is:
\(\text{CV} = \left( \frac{\text{Standard Deviation}}{\text{Mean}} \right) \times 100\%\)
We can represent this using symbols:
\(\text{CV} = \left( \frac{\sigma}{\bar{x}} \right) \times 100\%\)
where \(\sigma\) is the standard deviation and \(\bar{x}\) is the mean.
We are given CV = 45% and \(\bar{x}\) = 100. We can plug these values into the formula and solve for the standard deviation (\(\sigma\)).
\(45\% = \left( \frac{\sigma}{100} \right) \times 100\%\)
To solve for \(\sigma\), first convert the percentage to a decimal:
\(0.45 = \frac{\sigma}{100}\)
Now, multiply both sides by 100:
\(0.45 \times 100 = \sigma\)
\(45 = \sigma\)
So, the standard deviation is 45.
The variance (\(\sigma^2\)) is the square of the standard deviation (\(\sigma\)). It measures how spread out the data is from the mean. The relationship is straightforward:
\(\text{Variance} = (\text{Standard Deviation})^2\)
Using symbols:
\(\sigma^2 = \sigma^2\)
Since we found that the standard deviation (\(\sigma\)) is 45, we can now calculate the variance:
\(\sigma^2 = 45^2\)
\(\sigma^2 = 45 \times 45\)
Let's calculate \(45 \times 45\):
\(45 \times 45 = (40 + 5) \times (40 + 5) = 40 \times 40 + 40 \times 5 + 5 \times 40 + 5 \times 5\)
\(= 1600 + 200 + 200 + 25\)
\(= 1600 + 400 + 25\)
\(= 2025\)
Therefore, the variance is 2025.
| Statistic | Value |
|---|---|
| Mean (\(\bar{x}\)) | 100 |
| Coefficient of Variation (CV) | 45% |
| Standard Deviation (\(\sigma\)) | 45 (Calculated) |
| Variance (\(\sigma^2\)) | 2025 (Calculated) |
The value of the variance is 2025.
| Measure | Description | Relationship to others |
|---|---|---|
| Mean (\(\bar{x}\)) | Average value of the data set. | Used in calculating CV and Standard Deviation. |
| Standard Deviation (\(\sigma\)) | Measures the typical distance of data points from the mean. | Square root of Variance. Used in calculating CV. |
| Variance (\(\sigma^2\)) | Average of the squared differences from the mean. Measures data spread. | Square of Standard Deviation. |
| Coefficient of Variation (CV) | Ratio of standard deviation to the mean, expressed as a percentage. Measures relative variability. | \((\sigma / \bar{x}) \times 100\%\). |
Standard deviation and variance are both measures of the dispersion or spread of a data set. A higher standard deviation or variance indicates that the data points are more spread out from the mean, while a lower value indicates that they are clustered closer to the mean.
Understanding the relationships between these statistical measures is crucial for analyzing frequency distributions and interpreting data variability.
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?
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?