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CCP303

The document is a lesson plan for a class on quantitative techniques. It discusses standard deviation, coefficient of variation, and variance. It defines coefficient of variation as the percentage variation in the mean where standard deviation represents the total variation. It provides formulas for calculating coefficient of variation and variance. Examples are given to demonstrate calculating coefficient of variation from standard deviation and the mean, and calculating variance from standard deviation. A quiz and assignment are included to reinforce the concepts covered.

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138 views17 pages

CCP303

The document is a lesson plan for a class on quantitative techniques. It discusses standard deviation, coefficient of variation, and variance. It defines coefficient of variation as the percentage variation in the mean where standard deviation represents the total variation. It provides formulas for calculating coefficient of variation and variance. Examples are given to demonstrate calculating coefficient of variation from standard deviation and the mean, and calculating variance from standard deviation. A quiz and assignment are included to reinforce the concepts covered.

Uploaded by

api-3849444
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 17

DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : A.KRISHNA KUMAR
Designation : Sr. Lecturer

Branch : Commercial & Computer


Practice
Institute : GPW ,Suryapet, Nalgonda dist.
Year/Semester : III Semester
Subject : Quantitative Techniques-1
Subject Code : CCP-303
Topic : Standard Deviation
Duration : 50 min.
Sub Topic : Coefficient of Variation and
Variance
Teaching Aids : PPT.

CCP.303.65 1
Objectives

On the completion of the period, you would be


able to :

 Understand Coefficient of Variation


 Calculate Coefficient of Variation
 Calculate Variance

CCP.303.65 2
Recap
FORMULA OF SD

 x 2

N
Where ∑x2 = Sum of the squares of the deviations taken

from AM
N = Number of items

CCP.303.65 3
Recap

SD – ASSUMED MEAN - FORMULA

σ = √ ∑d2 / N – ( ∑d / N ) 2

Where ∑d2 = Total of squares of deviation from


assumed mean
∑d = Total of deviations from assumed mean.
N = Total number of items

CCP.303.65 4
Co-efficient of Variation – Definition:

Co-efficient of variation is “the percentage variation in the


Mean, the Standard Deviation being treated as the total
variation in the Mean”

—Prof.Karl Pearson

CCP.303.65 5
Co-efficient of Variation - Importance

 SD - an absolute measure of dispersion.

 It is expressed in terms of units in which the


original figures are collected and stated.

 Eg: heights and weights of students given in feet &


inches and pounds.

 SD given in different measures incomparable.

CCP.303.65 6
Co-efficient of Variation - Importance

 Convert data given different measures to make it


relative measure of dispersion for comparison.

 For this, calculation of Co-efficient of Variation (CV)


necessary

 CV = SD / AM

CCP.303.65 7
FORMULA

S tan dard Deviation


C.V  X 100
Mean

CCP.303.65 8
Example 1

Calculate Co-efficient of Variation from the following


Standard Deviation = 148.2,
Arithmetic Mean = 919.167

Example 2
Calculate Co-efficient of Variation from the following

If X  49 &   37.06

CCP.303.65 9
Solution 1

S tan dard Deviation


1) C.V  X 100
Mean
148.2
 X 100
919.167

Solution 2

2) C.V  X 100
X
37.06
 X 100  75.63
49
CCP.303.65 10
VARIANCE - MEANING &
IMPORTANCE
 The variance is also called Mean Square Deviation.
 Variance is also called the Second Moment as the
deviations are raised to the second power.
 So the variance is symbolically expressed σ2

CCP.303.65 11
Formula

 Variance = σ2 (Standard deviation square)

Example 3:
From the following data, calculate Variance, if SD = 9

Solution: Variance = σ2 (Standard Deviation square)


σ =9
Variance = 92

= 81

CCP.303.65 12
Summary

Coefficient of
SD
Variation  X 100
Mean

Variance   2

CCP.303.65 13
Quiz

1. What is the formula of Coefficient of


Variation?

S tan dard Deviataions


Ans : C.V  X 100
Mean

CCP.303.65 14
Quiz

2. What is the formula of Variance?

Ans: SD2 (or) σ2.

CCP.303.65 15
Frequently Asked Questions

1. In a given distribution AM = 20,


standard derivation =4.56, what is coefficient of
variation ?

2. From the data given below, state which series is more


variable
Series A : X = 42.14, σ = 14

Series B : X = 37.86, σ = 14.1

CCP.303.65 16
Assignment
1. For a series, AM is 68 and SD is 3. Find out CV?

2. In a distribution, AM is 65 and SD is 2. What is its


CV?

CCP.303.65 17

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