Coefficient of Variation

Topics: Sampling, Stratified sampling, Sample, Simple random sample, Cluster sampling / Pages: 2 (361 words) / Published: Oct 26th, 2012
Coefficient of variation
Sample-> CY=s/x

1. A relative measure of dispersion 2. Adjusts for differences in magnitudes of the means. 3. Does not have units of measure 4. Allows for direct comparisons of mean-adjusted dispersion across different data sets.

Percentiles and quartiles

Coefficient of determination
The proportion of variation in the dependent variable ”explained” by the independent variable.

(Correlation coefficient)^2=r^2

Ex. Monthly income how much u spend on grocery, coefficient of determination
81%of your grocery billi being
19:% is not being explained(for reason we don’t know)
Maybe holiday month, having food, people….etc
Unexplained situation

CV fund 1 S/x=1.51
CV fund 2 S/x=1.30
Conclusion: Fund1 has greater relative dispersion than fund2

Correlation/ coefficient

*Data-data analysis-regression-INSERT input Xvariable/y variable
*Click blue square -Add trend line-display click

Be familiar with the terms (different types of collect data) 1) Direct observation 2) Experiments 3) Survey 4) Telephone interviews 5) Self administered survey
Slope rise/run, y/x
B1=2.25 2.25/1 = y/x
Every 1 unit 2.25 cents

B1=0.3 0.3/1=y/x
Slope intercept b0=9.5

Data collection 1) Simple random sampling everyone has equal chance) 2) Stratified random sample (is supposed to be the most precise sampling, it doesn’t always work that way)
Ex. 2008 election year, elected Obama, stratified sample it picked Obama as the winner, Hilary Clinton 3%, ex. 4 men 4 women how? Divide take random sample

a cluster sample (save you money when u got large group to do it)
Ex. Government use randomly select some zip code randomly selec out of my zip code from this to that will do simple random sample convenient sample

1940 great depression

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