Coefficient of Variation Calculator is a free online tool that displays the ratio of the standard deviation to the mean. BYJU’S online coefficient of variation calculator tool makes the calculation faster and it displays the coefficient of variation in a fraction of seconds.
How to Use the Coefficient of Variation Calculator?
The procedure to use the coefficient of variation calculator is as follows:
Step 1: Enter the numbers separated by a comma in the respective input field
Step 2: Now click the button “Calculate Coefficient of Variation” to get the result
Step 3: Finally, the coefficient of variation for the given data values will be displayed in the output field
What is Meant by the Coefficient of Variation?
In Statistics, the coefficient of variation is defined as the ratio of the standard deviation to the mean. It is generally used to compare the degree of variation from one data set value to the other data set values. If the coefficient of variation is higher, then there is a greater dispersion around the mean. In case, if the coefficient of variation is lower, it will give a more precise estimate of the data values. It is generally represented in percentage.