Which of the following statements is correct regarding the Coefficient of Variation (CV)?

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Mathematics · Statistics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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It is a relative measure used to compare variability between different datasets.

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Answer 1

It completely ignores the standard deviation of the dataset.

Answer 2

It is always expressed in original measurement units.

Answer 3

It is a relative measure used to compare variability between different datasets.

Answer 4

It is an absolute measure of dispersion.

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