For any distribution with mean m 0 and standard deviation , the ratio /m is called
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For any distribution with mean m ≠ 0 and standard deviation σ, the ratio σ/m is called a coefficient of variation (c.v.).
(a) How would you interpret the situation when the c.v. of one r.v. is larger than that of another?
(b) Will the c.v. change if we multiply the r.v. by a number?
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It may be interpreted as the standard deviation per ...View the full answer
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