Question
Download Solution PDFFor 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:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
Coefficient of variation = \(\rm \frac{\sigma _{x}}{\bar{x}}\)
Where,
\(\rm \sigma _{x}\) = Standard Deviation
\(\rm \bar{x}\) = Mean of the observations
Calculation:
Coefficient of variation = \(\rm \frac{17.4}{148}\)
∴ Coefficient of variation is 0.12
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