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Coefficient of Variation (4)
- Example 2: Weight loss program A and tax refund B.
- 2 different programs with different goals and different target populations.
- We know that average weight loss and average tax refund are not comparable. Are the standard deviations comparable?
Coefficient of variation: Example 2
|
A |
B |
Mean<br />(weight loss per month) |
20 |
650 |
Standard deviation |
15 |
30 |