BUSINESS ADMINISTRATION
RESEARCH METHODOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Coefficient of Quartile deviation
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Correlation Coefiicient
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Coefficient of Mean deviation
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Detailed explanation-1: -THE CV IS THE RAZON BETWEEN THE MEAN VALUE AND THE STANDART DEVIATION, JUST WITH THE DATA OF THE EXPERIMENT, WHEREAS THE CORRELATION COEFICIENT IS THE RELATION THAT EXISTS BETWEEN TWO OR MORE RESULTS AND GIVE YOU AN APROACH OF THE RELATION THAT EXIST BETWEEN THEM.
Detailed explanation-2: -The coefficient of variation (relative standard deviation) is a statistical measure of the dispersion of data points around the mean. The metric is commonly used to compare the data dispersion between distinct series of data.
Detailed explanation-3: -The last measure which we will introduce is the coefficient of variation. It is equal to the standard deviation, divided by the mean. Another name for the term is relative standard deviation. This is an easy way to remember its formula – it is simply the standard deviation relative to the mean.
Detailed explanation-4: -Coefficient of variation (CV) is a measure of relative variability with respect to the mean of the population. It is the ratio of the standard deviation to the mean (average). COV is used to describe relative variability within a population independently of absolute values of observation.