The Coefficient of Variation Calculator is an online tool that can be used free of cost. It displays the ratio of the standard deviation to the mean.
In the subject of Statistics, the coefficient of variation is defined as the ratio of the standard deviation to the mean. It is mostly used to compare the degree of variation from one data set value to the other data set values.
So, if the coefficient of variation is higher, it implies that there is a greater dispersion around the mean. On the contrary, if the coefficient of variation is lower, it will give a more precise estimate of the data values. It is mostly represented in percentage form.
The procedure to use the coefficient of variation calculator is as follows:
Step 1: Enter the numbers separated by a comma in the given input field.
Step 2: Now, hit the button “Calculate” in order to get the desired result.Step 3: Finally, the coefficient of variation for the given data values will be displayed in the output field or a separate window/tab.