Overview
The Coefficient of Variation (CV) is a standardized measure of dispersion of a probability distribution or frequency distribution. It is often expressed as a percentage and provides an indication of the relative variability of data points in a dataset.
To express CV in percentage form, simply multiply it by 100. For instance, an example calculation might involve a standard deviation of 0.783 and a mean of 23.41:
CV = (0.783 / 23.41) * 100 = 3.34%
How to Use
Using our Coefficient of Variation Calculator is easy! Here are the steps:
- Input the mean (μ) of your data into the first text field.
- Input the standard deviation (σ) into the second text field.
- Click the “Calculate CV” button to compute the coefficient of variation.
- View the results displayed in the result table, which shows the mean, standard deviation, and the calculated CV.
💡 Tip: Ensure your mean is not zero to avoid mathematical errors!
“The CV is especially useful when you want to compare the degree of variation from one data series to another, even if the means are drastically different.” 📊
Happy calculating! 🎉
