Question
Download Solution PDFIf the mean of few observations is 40 and standard deviation is 8, then what is the coefficient of variation?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
Calculation:
Given:
Mean = 40 and Standard deviation = 8
As we know,
Adding a constant to each value: The median, mean, and quartiles will be changed by adding a constant to each value. However, the range, interquartile range, standard deviation and variance will remain the same.
Multiplying every value by a constant: however, will multiply the mean, median, quartiles, range, interquartile range, and standard deviation by that constant, and multiply the variance by the square of that constant.
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