Coefficient of variation is defined as the ratio of standard deviation to the arithmetic mean. Coefficient of variation gives a sense of "relative variability," as reported by the GraphPad Statistical software website. It can be expressed either as a fraction or a percent.
Know MoreCoefficient of variance (CV) is used to understand the scatter of variables that are expressed in different units. For example, the coefficient of variation for blood pressure can be compared with the coefficient of variation for pulse rate. In this case, blood pressure and pulse rate are two different variables.
While interpreting coefficient of variation, 0 can be reported provided it actually implies "zero." For example, zero weight implies no weight. Coefficient of variation can be reported for variables such as weight. In contrast, 0 degrees Celsius does not actually imply "zero" temperature. It's meaningless to report the coefficient of variation for variables, such as degrees Celsius temperature.
When variables are expressed as logarithms, reporting the CV for these sets of variables becomes meaningless because a logarithm of 1 implies zero. This is because when the logarithmic scale is converted to another scale, the definition of zero would be redefined, and so would the value of CV. For example, it makes no sense to calculate the CV of a set of pH values, because pH is expressed in logarithmic scale, and pH does not actually mean "zero pH or no acidity."
Learn more about StatisticsThe formula for the arithmetic mean of a group of numbers is A = S/N, where S represents the sum of all the numbers in the group, and N represents the total number of items in the group. Finding the arithmetic mean is essentially the same as taking the average.
Full Answer >Mathematics applies in day-to-day scenarios such as counting quantities and in dealing with shapes such as circles, squares and triangles. Math is critical in the understanding of natural cycles. Individuals use mathematics when calculating the amount of money needed to buy lunch. Potential borrowers apply math in loan interest calculations. The speedometer of a car uses math. Some interesting games and puzzles require use of math logic and deduction.
Full Answer >To find the derivative of a given function, plug the function into the derivative formula, distribute all of the terms, and then cancel all possible terms to eliminate the formula's denominator. Once the formula is simplified, set h to approach zero to find the derivative.
Full Answer >Statistics is the study of numerical information, which is called data. People use statistics as tools to understand information. Learning to understand statistics helps a person react intelligently to statistical claims. Statistics are used in the fields of business, math, economics, accounting, banking, government, astronomy, and the natural and social sciences.
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