Let’s use this mathematical equation in excel function formula on the data range shown below. Here we have a range of numbers from A2 to A8. We will find out the coefficient of variation of the range. Use the formula to get the coefficient of variation...
The coefficient of variation helps identify any inconsistences and inaccuracies in the results. It is expressed as a percentage of variance to the mean. The larger the variance the greater the inconsistency and error. The coefficient variation (CV) is the ratio of the standard deviation σ to ...