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Which statement best explains Coefficient of variation?

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Question ID #26832 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 4 Medium

Which statement best explains Coefficient of variation?

Correct Answer: B. Standard deviation expressed relative to the mean, commonly as a percentage
Coefficient of variation: Standard deviation expressed relative to the mean, commonly as a percentage

Question: Which statement best explains Coefficient of variation?

A. Sum of observations divided by the number of observations

B. Standard deviation expressed relative to the mean, commonly as a percentage

C. Complete enumeration of all units in a population

D. Events for which occurrence of one does not change probability of the other

Correct Answer: B. Standard deviation expressed relative to the mean, commonly as a percentageCoefficient of variation: Standard deviation expressed relative to the mean, commonly as a percentage

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Which statement best explains Coefficient of variation? - MCQ Explanation

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Correct answer: B. Standard deviation expressed relative to the mean, commonly as a percentage