The Coefficient of Variation Is

question 59

Multiple Choice

The coefficient of variation is

• A)the same as the variance
• B)the standard deviation divided by the mean times 100
• C)the square of the standard deviation
• D)the mean divided by the standard deviation

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Definitions:

Acceptable Error

The margin of error or deviation from a standard value that is deemed tolerable within specific contexts, such as measurements or quality control.

Confidence

A measure of the degree to which one is certain about a particular prediction or outcome.

Predetermined Time

A technique in time and motion study where standard times are assigned to basic motions and tasks, used for setting standard times for work activities.

Standard Deviation

A numerical indicator that calculates the spread or variability among a collection of data points.