Coefficient of Variation

It is used to study of quality assurance by measuring the dispersion of the population data of a probability (or) frequency distribution (or) by determining the content or quality of the sample data of substances.

CV = σμ

Where,

σ - standard deviation

μ - mean

CV is a statistical measure of the dispersion of data points in a data series around the mean.

This coefficient of variance or relative standard deviation is widely used in various applications.