Which one of the following is a relative measure of dispersion ?
Standard deviation and variance are absolute measures of dispersion expressed in the original units of the data (or squared units), which cannot be directly used to compare…
Choose your answer
Which one of the following is a relative measure of dispersion ?
Answer and explanation
Correct answer C
Standard deviation and variance are absolute measures of dispersion expressed in the original units of the data (or squared units), which cannot be directly used to compare variability across series with different units or means. Karl Pearson's Coefficient of Variation (CV = [σ / Mean] × 100) is a unit-free, pure percentage ratio and is therefore a relative measure of dispersion.
Practice for these exams
-
UGC NET Commerce