What weakness of the standard deviation is overcome through the use of the coefficient of variation?© BrainMass Inc. brainmass.com June 4, 2020, 12:21 am ad1c9bdddf
When using standard deviation, we know that the units of the standard deviation are the same as the population. In the original data, if we use X units then the standard deviation applies to those X units. However, if we use different populations, then the standard deviation makes it difficult to compare ...
A short discussion on the weakness of standard deviation and how coefficient of variation is used.