Calculus and Above

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Coefficient of Variation and Standard Deviation are two measures of dispersion or spread among the data values. Let's say we have two different sets of data. Explain which of the two mentioned measures can more accurately find out which of these two data sets has more spread or variability in its data values. Select 5 values for each of the two data sets and practically calculate the standard deviation and coefficient of variation for each data set to clarify your explanation.

The two data sets I am using are:

The number of sales completed in the last 5 days: 2, 4, 1, 1, 2

and

The mileage required to complete those sales:

29, 168, 15, 5, 12

Coefficient of Variation and Standard Deviation are two measures of dispersion or spread among the data values. Let's say we have two different sets of data. Explain which of the two mentioned measures can more accurately find out which of these two data sets has more spread or variability in its data values. Select 5 values for each of the two data sets and practically calculate the standard deviation and coefficient of variation for each data set to clarify your explanation.

The two data sets I am using are:

The number of sales completed in the last 5 days: 2, 4, 1, 1, 2

and

The mileage required to complete those sales:

29, 168, 15, 5, 12

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