What is the coefficient of variation if the mean is 50 and the standard deviatio

What is the coefficient of variation if the mean is 50 and the standard deviation is 5?

What is the coefficient of variation if the mean is 50 and the standard deviation is 5?

Correct Answer: 10%

Step 1: Identify the mean value, which is given as 50.
Step 2: Identify the standard deviation value, which is given as 5.
Step 3: Use the formula for Coefficient of Variation: Coefficient of Variation = (Standard Deviation / Mean) * 100.
Step 4: Substitute the values into the formula: Coefficient of Variation = (5 / 50) * 100.
Step 5: Calculate the division: 5 divided by 50 equals 0.1.
Step 6: Multiply the result by 100: 0.1 * 100 equals 10.
Step 7: State the final answer: The Coefficient of Variation is 10%.

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