NURSING ANM AND GNM

Detailed explanation-1: -We define, the Coefficient of variation as the ratio of the standard deviation and the Arithmetic Mean of a distribution as a percentage. It is unit-less and serves as a very useful quantity in the economic sector for relative risk assessment and comparison between two quantifiable data curves. It is represented as CV.

Detailed explanation-2: -It’s the measure of dispersion the most often used, along with the standard deviation, which is simply the square root of the variance. The variance is mean squared difference between each data point and the centre of the distribution measured by the mean.

Detailed explanation-3: -CV = standard deviation / sample mean x 100 = CV = volatility / projected return x 100 = CV = (0.05) / (0.13) x 100 = 0.38 x 100 = 38% 14-Apr-2020