A quantity designed to give a relative measure of variability is the coefficient of variation. Denoted by CV, the coefficient of variation expresses the standard deviation as a percentage of the mean. It is defined by the formula CV = 100(s/ x ). Consider two samples. Sample 1 gives the actual weight (in ounces) of the contents of cans of pet food labeled as having a net weight of 8 oz. Sample 2 gives the actual weight (in pounds) of the contents of bags of dry pet food labeled as having a net weight of 50 lb. There are weights for the two samples. Sample 1 6.9 5.7 5.1 6.3 5.1   6.9 6.3 5.5 5.5 5.6 Sample 2 50.3 52.2 52.4 50.7 51.9   47 50.4 50.3 48.7 48.2 (a) For each of the given samples, calculate the mean and the standard deviation. (Round all intermediate calculations and answers to five decimal places.) For sample 1 Mean   Standard deviation   For sample 2 Mean   Standard deviation   (b) Compute the coefficient of variation for each sample. (Round all answers to two decimal places.) CV1   CV2

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The standard deviation alone does not measure relative variation. For example, a standard deviation of $1 would be considered large if it is describing the variability from store to store in the price of an ice cube tray. On the other hand, a standard deviation of $1 would be considered small if it is describing store-to-store variability in the price of a particular brand of freezer. A quantity designed to give a relative measure of variability is the coefficient of variation. Denoted by CV, the coefficient of variation expresses the standard deviation as a percentage of the mean. It is defined by the formula CV = 100(s/ x ). Consider two samples. Sample 1 gives the actual weight (in ounces) of the contents of cans of pet food labeled as having a net weight of 8 oz. Sample 2 gives the actual weight (in pounds) of the contents of bags of dry pet food labeled as having a net weight of 50 lb. There are weights for the two samples.

Sample 1 6.9 5.7 5.1 6.3 5.1
  6.9 6.3 5.5 5.5 5.6
Sample 2 50.3 52.2 52.4 50.7 51.9
  47 50.4 50.3 48.7 48.2
(a) For each of the given samples, calculate the mean and the standard deviation. (Round all intermediate calculations and answers to five decimal places.)
For sample 1
Mean  
Standard deviation  

For sample 2
Mean  
Standard deviation  

(b) Compute the coefficient of variation for each sample. (Round all answers to two decimal places.)
CV1  
CV2  

 

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