In Excel, how would you calculate the coefficient of variation (CV) for a dataset?
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To calculate the coefficient of variation (CV) in Excel:
- Find the mean using =AVERAGE(range).
- Find the standard deviation using =STDEV.P(range) (or STDEV.S(range) for a sample).
- Divide the standard deviation by the mean and multiply by 100:
=(STDEV.P(range)/AVERAGE(range))*100.
This gives you the CV as a percentage.