CIMA BA1 · Chapter 9 · Question 5 of 11
A set of data has a mean of 40 and a standard deviation of 6. What is the coefficient of variation?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) 15%
Explanation
Coefficient of variation = standard deviation / mean x 100% = 6 / 40 x 100% = 15%. It is a relative measure of dispersion, useful for comparing the variability of data sets with different means.
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