Coefficient Of Variation Meaning. Coefficient of variation is a statistical tool to analyze risk per unit of return of an investment. The coefficient of variation (relative standard deviation) is a statistical measure of the dispersion of data points around the mean.
When the value of the coefficient of variation is lower, it means the data has less variability and high stability. In the laboratory, the cv is preferred when the sd increases in proportion to concentration. The coefficient of variation (cv) is the sd divided by the mean.
It represents the ratio of the standard deviation to the mean.
A measure of the relative variation of distribution independent of the units of. Unlike the standard deviation standard deviationfrom a statistics standpoint, the standard deviation of a data set is a. In the laboratory, the cv is preferred when the sd increases in proportion to concentration. The higher the coefficient of variation, the greater the level of dispersion around the mean.
