CA Foundation Exam > CA Foundation Questions > Which of the following measures of dispersion...
Start Learning for Free
Which of the following measures of dispersion is used for calculating the consistency between two series?
- a)Quartile deviation
- b)Standard Deviation
- c)Coefficient of variation
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following measures of dispersion is used for calculating ...
The coefficient of standard deviation is calculated by dividing the standard deviation of the series by its mean and then multiplying it by 100. It is regarded as the best measure of dispersion to compare two different series because it is expressed in percentage.
Most Upvoted Answer
Which of the following measures of dispersion is used for calculating ...
Coefficient of Variation for Consistency between Two Series
The coefficient of variation (CV) is used to measure the consistency between two series. It is a statistical measure of the relative variability or dispersion of a set of data points. The CV is expressed as a percentage and is calculated by dividing the standard deviation of a data set by its mean and then multiplying the result by 100.
Formula for Coefficient of Variation
The formula for calculating the coefficient of variation is:
CV = (standard deviation / mean) x 100%
Interpretation of Coefficient of Variation
A lower CV indicates that the data points are more consistent and have less variability. A higher CV indicates that the data points are less consistent and have more variability.
Uses of Coefficient of Variation
The coefficient of variation is commonly used in fields such as finance, economics, and engineering to compare the variability of different data sets. It is particularly useful when comparing data sets with different units or scales, as it provides a standardized measure of dispersion.
Conclusion
In summary, the coefficient of variation is used for calculating the consistency between two series. It is calculated by dividing the standard deviation of a data set by its mean and multiplying the result by 100. A lower CV indicates more consistency and less variability, while a higher CV indicates less consistency and more variability.
The coefficient of variation (CV) is used to measure the consistency between two series. It is a statistical measure of the relative variability or dispersion of a set of data points. The CV is expressed as a percentage and is calculated by dividing the standard deviation of a data set by its mean and then multiplying the result by 100.
Formula for Coefficient of Variation
The formula for calculating the coefficient of variation is:
CV = (standard deviation / mean) x 100%
Interpretation of Coefficient of Variation
A lower CV indicates that the data points are more consistent and have less variability. A higher CV indicates that the data points are less consistent and have more variability.
Uses of Coefficient of Variation
The coefficient of variation is commonly used in fields such as finance, economics, and engineering to compare the variability of different data sets. It is particularly useful when comparing data sets with different units or scales, as it provides a standardized measure of dispersion.
Conclusion
In summary, the coefficient of variation is used for calculating the consistency between two series. It is calculated by dividing the standard deviation of a data set by its mean and multiplying the result by 100. A lower CV indicates more consistency and less variability, while a higher CV indicates less consistency and more variability.
Free Test
FREE
| Start Free Test |
Community Answer
Which of the following measures of dispersion is used for calculating ...
ANSWER c)
Coefficient of variation
The coefficient of standard deviation is calculated by dividing the standard deviation of the series by its mean and then multiplying it by 100. It is regarded as the best measure of dispersion to compare two different series because it is expressed in percentage.
|
Explore Courses for CA Foundation exam
|
|
Top Courses for CA FoundationView all
Question Description
Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following measures of dispersion is used for calculating the consistency between two series?a)Quartile deviationb)Standard Deviationc)Coefficient of variationd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup