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If coefficient of variation of a distribution is 60% and its standard deviation is 18, then its arithmetic mean is
    Correct answer is '30'. Can you explain this answer?
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    If coefficient of variation of a distribution is 60% and its standard ...
    Calculation of Arithmetic Mean given Coefficient of Variation and Standard Deviation

    Given:
    Coefficient of Variation (CV) = 60%
    Standard Deviation (σ) = 18

    The coefficient of variation (CV) is a measure of relative variability, which is calculated as the ratio of the standard deviation to the mean. It is often expressed as a percentage.

    Formula:
    CV = (σ / mean) * 100

    To find the arithmetic mean, we need to rearrange the formula:

    mean = σ / (CV/100)

    Substituting the given values:

    mean = 18 / (60/100)
    mean = 18 / 0.6
    mean = 30

    Therefore, the arithmetic mean of the distribution is 30.

    Explanation:
    The coefficient of variation (CV) is a measure of relative variability and is used to compare the dispersion of data sets with different units of measurement or scales. In this case, the CV is given as 60%.

    The standard deviation (σ) measures the dispersion or variability of the data set. It is given as 18.

    To find the arithmetic mean, we rearrange the formula for CV and solve for the mean:

    CV = (σ / mean) * 100

    mean = σ / (CV/100)

    Substituting the given values, we have:

    mean = 18 / (60/100)
    mean = 18 / 0.6
    mean = 30

    Hence, the arithmetic mean of the distribution is calculated to be 30. This means that on average, the values in the distribution are centered around 30.

    Conclusion:
    The arithmetic mean of the distribution is 30, given a coefficient of variation of 60% and a standard deviation of 18.
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    If coefficient of variation of a distribution is 60% and its standard deviation is 18, then its arithmetic mean isCorrect answer is '30'. Can you explain this answer?
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