Coefficient of Variation (COV) with Examples | Measures of Dispersion
Вставка
- Опубліковано 19 лип 2024
- To learn Lean Six Sigma most Effectively and Practically, please visit vijaysabale.co/lssgb
coefficient of variation, COV, coefficient of variation examples, variance, standard deviation, COV calculation, coefficient of variation, standard deviation, and mean
Hello Friends,
Coefficient of Variation (COV) is a relative measure of variation considering central tendency, Mean. A coefficient of variation (COV) is preferred when we want to compare two data sets with different means and standard deviations.
This video consists of the following topics:
✅ Introduction to Coefficient of Variation (COV)
✅ What is the Coefficient of Variation (COV)?
✅ What is Mean?
✅ What is Standard Deviation?
✅ Coefficient of Variation (COV) - Example 1
✅ Coefficient of Variation (COV) - Example 2
✅ Learn Lean Six Sigma and Minitab Most Effectively and Practically
I am sure you will like it.
The Important links about LEARN & APPLY:
👨🏫 About Me: vijaysabale.com
💻 Register to attend the FREE LIVE Webinar: vijaysabale.co/webinar
🏫 Know about LEARN & APPLY: learnandapply.org
📚 My Learning Management System (LMS): www.successfulcareerhub.com/p...
📺 Join this channel to get access to perks: / @learnandapply
0:00 Introduction to Coefficient of Variation (COV)
0:51 What is the Coefficient of Variation (COV)?
1:42 What is Mean?
2:51 What is Standard Deviation?
3:47 Coefficient of Variation (COV) - Example 1
5:55 Coefficient of Variation (COV) - Example 2
7:51 Learn Lean Six Sigma and Minitab Most Effectively and Practically
Thank you for watching...🙏😊
#coefficientofvariation #COV #variance #standarddeviation #stdev #statistics #statisticalconcepts #analysistools #leansixsigma #sixsigma #successfulcareerhub #learnandapply
To learn Lean Six Sigma most Effectively and Practically, please visit vijaysabale.co/lssgb
The COV is a useful metric for comparing the variability of different data sets. #deeplearner #learnandapply #successfulcareerhub
Thank you Mohamad for your deep learning comment and appreciate your active learning. 🙏😊
Was looking forward to the cricket example... but I don't know if cricket scores are the best numbers for COV... as what the COV suggests is that they are not very consistent because they have such a high COV. And from a statistical sense their scores will not be very consistent, in fact they will be a myriad of values between 0 and 400 and 0 and 248 respectively!
Hi Scott, thank you for your valuable comments. Yes, you can say that. Here, the intention is to show how you can use this concept.