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Data was collected, and the mean and standard deviation of call time were calculated. The call center manager decided to calculate the coefficient of variation to compare the two teams.
Random data are used to define a second constant for the coefficient of variation that represents variation expected when production is random (CV = 57.7 percent). These two constants can be used to ...
Regardless of the source of variation, adult female survival shows little year-to-year variation [coefficient of variation (CV <10%)], fecundity of prime-aged females and yearling survival rates show ...
Investors calculate the coefficient of variation of an investment in order to determine whether its potential rewards are worth the risk.
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