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**An idea about the topic coefficient of variance **** **

Coefficient of variance is a topic that you will get to study in the fields like statistics and probability theory. It actually tells that how much is the variance in relation to a particular data. One can also say that it helps to compare the standard deviation with the average, for a particular set of data.

Coefficient of variance is also called as relative standard deviation. It acts like a standardized measure of dispersion. Many say that it can be defined as the ratio of standard deviation to the mean. Not just in the field of statistics but in various other branches also this topic is of immense importance. Some of the examples are like analytical chemistry, engineering, physics based research, economics etc.** **

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**Some of the main highlights of this topic **** **

Here are the main highlights of the topic coefficient of variance –

- The definition and exact meaning of coefficient of variance.
- Examples of coefficient of variance.
- Exact process of estimation in case of log normal data.
- Comparison of coefficient of variance with standard deviation.
- Applications of coefficient of variance.
- Analyzing ratios, distribution patterns etc. with coefficient of variance.
- The usage of coefficient of variance for analyzing real world problems.

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