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Coefficient of Variation - What is it?

  • 27-11-2006 5:07pm
    #1
    gerry87
    Registered Users, Registered Users 2 Posts: 872 ✭✭✭


    I have a project about income distribution to do, it's almost done (yay!) but there's one question on it i'm having trouble with.

    We've been given two datasets, one for each country with 60 incomes on it, and for one of the questions i've to work out the coefficient of variation for each country, which i've done, but i'm having trouble explaining what exactly the numbers mean. Can anyone help?


Comments

  • #2
    Delphi91
    Registered Users, Registered Users 2 Posts: 1,501 ✭✭✭Delphi91


    http://en.wikipedia.org/wiki/Coefficient_of_variation


  • #3
    gerry87
    Registered Users, Registered Users 2 Posts: 872 ✭✭✭gerry87


    thanks, but i've stumbled accross that already... I'm not looking for a dictionary definition. I'm wondering if anyone can explain what it means. I've got this number, i know it's ' a measure of dispersion of a probability distribution.', but that doesn't really explain much.


  • #4
    is_that_so
    Registered Users, Registered Users 2 Posts: 32,136 ✭✭✭✭is_that_so


    How about this ?


  • #5
    gerry87
    Registered Users, Registered Users 2 Posts: 872 ✭✭✭gerry87


    is_that_so wrote:
    How about this ?
    Looks like some good stuff in there, i'll have a look through. Cheers


  • #6
    Goodluck2me
    Registered Users, Registered Users 2 Posts: 5,404 ✭✭✭Goodluck2me


    gerry87 wrote:
    Looks like some good stuff in there, i'll have a look through. Cheers
    good stuff?? its maths what are you talkign about?:rolleyes:


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