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BruceET
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The population coefficient of variation (CV) is $\sigma/\mu,$ where $\sigma$ is the population standard deviation and $\mu$ is the samplepopulation mean. [Perhaps see Wikipedia for definition and examples of useful and improper applications.]

One commonly used estimate of the population CV uses the sample standard deviation and mean $S/\bar X$ and, for small sample sizes $n.$ the adjusted value $(1 + \frac 4 n)S/\bar X.$ Appropriate uses are for positive interval data (height, weight, etc.).

The CV has no units, so it is the same for a group of stock prices, whether they are measured in dollars or yen. [There is a sense in which ants are of more variable weightweights than elephants that, which is captured by the CV. Various species of ants can vary in weight by an order of magnitude or more, but the same can't be said for elephants.]

So it is usually a mistake to make comparisons between standard deviations (which have units) withand CVs (which do not). If you are using an F-test to compare variances, as suggested in the answer by @josef_joestarr, you should make sure both sample variances have the same units.

The population coefficient of variation (CV) is $\sigma/\mu,$ where $\sigma$ is the population standard deviation and $\mu$ is the sample mean. [Perhaps see Wikipedia for definition and examples of useful and improper applications.]

One commonly used estimate of the population CV uses the sample standard deviation and mean $S/\bar X$ and, for small sample sizes $n.$ the adjusted value $(1 + \frac 4 n)S/\bar X.$ Appropriate uses are for positive interval data (height, weight, etc.).

The CV has no units, so it is the same for a group of stock prices, whether they are measured in dollars or yen. [There is a sense in which ants are of more variable weight than elephants that is captured by the CV. Various species of ants can vary in weight by an order of magnitude or more, but the same can't be said for elephants.]

So it is usually a mistake to make comparisons between standard deviations (which have units) with CVs (which do not). If you are using an F-test to compare variances, as suggested in the answer by @josef_joestarr, you should make sure both sample variances have the same units.

The population coefficient of variation (CV) is $\sigma/\mu,$ where $\sigma$ is the population standard deviation and $\mu$ is the population mean. [Perhaps see Wikipedia for definition and examples of useful and improper applications.]

One commonly used estimate of the population CV uses the sample standard deviation and mean $S/\bar X$ and, for small sample sizes $n.$ the adjusted value $(1 + \frac 4 n)S/\bar X.$ Appropriate uses are for positive interval data (height, weight, etc.).

The CV has no units, so it is the same for a group of stock prices, whether they are measured in dollars or yen. [There is a sense in which ants are of more variable weights than elephants, which is captured by the CV. Various species of ants can vary in weight by an order of magnitude or more, but the same can't be said for elephants.]

So it is usually a mistake to make comparisons between standard deviations (which have units) and CVs (which do not). If you are using an F-test to compare variances, as suggested in the answer by @josef_joestarr, you should make sure both sample variances have the same units.

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BruceET
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The population coefficient of variation (CV) is $\sigma/\mu,$ where $\sigma$ is the population standard deviation and $\mu$ is the sample mean. [Perhaps see Wikipedia for definition and examples of useful and improper applications.]

One commonly used estimatesestimate of the population CV uses the sample standard deviation and mean $S/\bar X$ and, for small sample sizes $n.$ the adjusted value $(1 + \frac 4 n)S/\bar X$$(1 + \frac 4 n)S/\bar X.$ Appropriate uses are for positive interval data (height, weight, etc.).

The CV has no units, so it is the the same for a group of stock prices, whether they are measured in dollars or yen. [There is a sense in which ants are of more variable weight than elephants that is captured by the CV. Various species of ants can vary in weight by an order of magnitude or more, but the same can't be said for elephants.]

So it is usually be a mistake to make comparisons between standard deviations (which have units) with CVs (which do not). If you are using an F-test to compare variances, as suggested in the answer by @josef_joestarr, you should make sure both sample variances have the same units.

The population coefficient of variation (CV) is $\sigma/\mu,$ where $\sigma$ is the population standard deviation and $\mu$ is the sample mean. [Perhaps see Wikipedia for definition and examples of useful and improper applications.]

One commonly used estimates of the population CV uses the sample standard deviation and mean $S/\bar X$ and, for small sample sizes $n.$ the adjusted value $(1 + \frac 4 n)S/\bar X$ Appropriate uses are for positive interval data (height, weight, etc.).

The CV has no units, so it is the the same for a group of stock prices, whether they are measured in dollars or yen. [There is a sense in which ants are of more variable weight than elephants that is captured by the CV. Various species of ants can vary in weight by an order of magnitude or more, but the same can't be said for elephants.]

So it usually be a mistake to make comparisons between standard deviations (which have units) with CVs (which do not). If you are using an F-test to compare variances, as suggested in the answer by @josef_joestarr, you should make sure both sample variances have the same units.

The population coefficient of variation (CV) is $\sigma/\mu,$ where $\sigma$ is the population standard deviation and $\mu$ is the sample mean. [Perhaps see Wikipedia for definition and examples of useful and improper applications.]

One commonly used estimate of the population CV uses the sample standard deviation and mean $S/\bar X$ and, for small sample sizes $n.$ the adjusted value $(1 + \frac 4 n)S/\bar X.$ Appropriate uses are for positive interval data (height, weight, etc.).

The CV has no units, so it is the same for a group of stock prices, whether they are measured in dollars or yen. [There is a sense in which ants are of more variable weight than elephants that is captured by the CV. Various species of ants can vary in weight by an order of magnitude or more, but the same can't be said for elephants.]

So it is usually a mistake to make comparisons between standard deviations (which have units) with CVs (which do not). If you are using an F-test to compare variances, as suggested in the answer by @josef_joestarr, you should make sure both sample variances have the same units.

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BruceET
  • 57.6k
  • 2
  • 36
  • 95

The population coefficient of variation (CV) is $\sigma/\mu,$ where $\sigma$ is the population standard deviation and $\mu$ is the sample mean. [Perhaps see Wikipedia for definition and examples of useful and improper applications.]

One commonly used estimates of the population CV uses the sample standard deviation and mean $S/\bar X$ and, for small sample sizes $n.$ the adjusted value $(1 + \frac 4 n)S/\bar X$ Appropriate uses are for positive interval data (height, weight, etc.).

The CV has no units, so it is the the same for a group of stock prices, whether they are measured in dollars or yen. [There is a sense in which ants are of more variable weight than elephants that is captured by the CV. Various species of ants can vary in weight by an order of magnitude or more, but the same can't be said for elephants.]

So it usually be a mistake to make comparisons between standard deviations (which have units) with CVs (which do not). If you are using an F-test to compare variances, as suggested in the answer by @josef_joestarr, you should make sure both sample variances have the same units.