For the Le tables, the newest Cv try calculated of the dividing the SE of expenditure by indicate expenditure

For the Le tables, the newest Cv try calculated of the dividing the SE of expenditure by indicate expenditure

Note that the newest experimental table at which the details when you look at the desk 1 for the post was derived comes with facts about the fresh new “coefficient out-of type” (CV). Theoretically, this is actually the cousin simple mistake of imply, because numerator of your “true” Cv ‘s the basic deviation (we.e., the brand new square root of your own variance before dividing it from the number of findings regarding the try), maybe not this new SE. Irrespective, the brand new Curriculum vitae provides here is how adjustable the data try relative with the suggest. As with brand new variance of your own suggest, the larger the newest Curriculum vitae, the more new give of one’s investigation around the mean, and also the less depend on the latest analyst keeps that a specific suggest is close to the people mean. However, as opposed to new “absolute” SE, the latest Curriculum vitae is a beneficial “relative” matter, easily indicated just like the a percentage, helping compare different varieties of analysis. Eg, $step 1,100000 might seem for example alot on SE away from the suggest based on confirmed shot. But if that amount try for the a suggest from $ten,one hundred thousand, the fresh new Curriculum vitae try 10 %, just in case the quantity is regarding the a mean out-of $a hundred,100, the Curriculum vitae is just one percent.