WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from the Web

Term: Coefficient Variation

Description:

Coefficient Variation refers to the statistic used to measure the relative variability or dispersion of a data set compared to its mean. It is also known as the coefficient of variation or CV. The coefficient variation provides a way to compare the standard deviation of different data sets that have different units of measurement.

Senses:

Sense 1: Statistical Measure

Noun - A statistical measure used to quantify the relative variability of a data set.

Example: The coefficient variation of the company's stock returns is remarkably low.

Sense 2: Evaluation Metric

Noun - An evaluation metric used in various fields to compare the variability between different sets of data.

Example: The coefficient variation of test scores helps identify the consistency of students' performance.

Sense 3: Coefficient of Variation Formula

Noun - The formula used to calculate the coefficient variation, which is the ratio of the standard deviation to the mean.

Example: The coefficient of variation formula is CV = (Standard Deviation / Mean) × 100.

Sense 4: Local Usage

Adjective - A term occasionally used in local dialects or specific regions to refer to a distinct statistical measure.

Example: The coefficient variation has a unique name in the local statistical community.

Sense 5: Related Products

Noun - Products that are related to the concept of coefficient variation.

Example: Statistics Books on Amazon