Coefficient of Variation Explained in 10 Minutes | Statistics for Beginners #statistics #beginners

The Coefficient of variation is a relative measure of dispersion that explains the variability of a set of data around its mean. It is defined as the ratio of the standard deviation to the mean and is often expressed as a percentage. It is useful in comparing the variability of different datasets because it expresses the standard deviation as a percentage of the mean. It provides a standardized way to compare the dispersion of other datasets, even if they have different units or vastly different means. A higher CV indicates greater variability relative to the mean, while a lower CV suggests less variability. This video includes statistics, data analysis, variation, and a beginner statistics class. Related videos 1. Find the Mean, Median, and Mode for INDIVIDUAL series    • Find the MEAN, MODE AND MEDIAN FOR INDIVID...   2. Find the Mean, Median, and Mode for DISCRETE series 3. Find the Mean, Median, & Mode for CONTINUOUS series    • Find the MEAN, MODE and MEDIAN  for Contin...   4. Find the Mean Deviation of ALL series Data    • Mean Absolute Deviation for Individual, Di...   5. Find the range for All series data    • Measures of Dispersion 1.1 : Range of indi...   6. Understanding statistical symbols: Sigma    • Understanding Statistical Symbols: Sigma i...   Subscribe to My other channels: Stata:    / @statadojo   Biostatistics:    / biostatisticsfortherestofus   Public Health:    / publichealthresources   SPSS:    / @spss4research   EPI Info:    / epiinfoforrookiese4r   #sigma #statistics #maths #centraltendency #education #medians #mean #arithmetic #standarddeviation