What does Coefficient of Variation tell you?

What does Coefficient of Variation tell you?

The coefficient of variation (CV) is the ratio of the standard deviation to the mean. The higher the coefficient of variation, the greater the level of dispersion around the mean. It is generally expressed as a percentage. The lower the value of the coefficient of variation, the more precise the estimate.

What does a negative standard deviation mean?

Standard deviation can not be negative because it is square rooted variance. Variance is calculated by summing all the squared distances from the mean and dividing them by number of all cases. So if one data entry in calculating variance is negative, it will always become positive when squared.

What does a negative deviation mean?

Deviations from Raoult’s law can either be positive or negative. A positive deviation means that there is a higher than expected vapor pressure above the solution. A negative deviation, conversely, means that we find a lower than expected vapor pressure for the solution.

What does it mean if standard deviation is 1?

A normal distribution with a mean of 0 and a standard deviation of 1 is called a standard normal distribution. Areas of the normal distribution are often represented by tables of the standard normal distribution. For example, a Z of -2.5 represents a value 2.5 standard deviations below the mean.

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