What does coefficient of variation tell us about data?
The coefficient of variation gives us an idea of how spread out the data is relative to its mean. It measures the dispersion of data points around the mean, indicating the degree of variability or consistency in the dataset.
What is a bad coefficient of variation?
I'm trying to understand what constitutes a bad coefficient of variation. Is there a specific range or threshold that indicates a poor or unacceptable level of variation?
How do you interpret coefficient of variation results?
I'm trying to understand how to interpret the results of a coefficient of variation analysis. What does a high or low coefficient of variation indicate, and how can I use this information in my data analysis?