Percentage Variation Formula:
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Definition: This calculator computes the coefficient of variation (percentage variation) which measures the relative variability of data compared to its mean.
Purpose: It helps statisticians, researchers, and analysts understand the dispersion of data in relation to the mean value.
The calculator uses the formula:
Where:
Explanation: The standard deviation is divided by the mean to get relative variability, then multiplied by 100 to express as a percentage.
Details: The coefficient of variation allows comparison of variability between datasets with different units or widely different means. Lower values indicate less variability relative to the mean.
Tips: Enter the standard deviation (must be ≥ 0) and mean (must be > 0) values from your dataset. The mean cannot be zero to avoid division by zero.
Q1: What does the percentage variation tell us?
A: It shows how large the standard deviation is relative to the mean, allowing comparison across different datasets.
Q2: What's considered a "good" percentage variation?
A: This depends on context. Generally, <15% is considered low variability, 15-30% moderate, and >30% high variability.
Q3: When is percentage variation most useful?
A: When comparing variability between datasets with different means or different measurement units.
Q4: What are the limitations of percentage variation?
A: It's not meaningful when the mean is close to zero, and it assumes a ratio scale of measurement.
Q5: How do I calculate standard deviation and mean?
A: Use statistical software or our Standard Deviation Calculator tool to compute these values from raw data.