Coefficient of Variation and Standard Deviationare two measures of dispersion or spread among the datavalues.
Let’s say we have two different sets of data.
Explain which of the two mentioned measures can more accurately find which of these two data sets have more spread or variability in their data values.
You can select five values for each of the two data sets and calculate the standard deviation and coefficient of variationfor each data set to clarify your explanation.
See attached for example.
The coefficient of variation gives you a better basis for comparing the amount of …
Briefly articulate coefficients of variation and standard deviations.