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The two sets of observation are given below:
set-1 set-2
ˉx=82.5 ˉx=48.75
σ=7.3 σ=8.35

Which of the two sets is more consistent?

1 Answer
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Solution:

CoefficientofvarianceV=σ¯x×100

For set-I

V1=7.382.5×100

V1=8.848

For set-II

V2=8.3548.75×100

V2=17.128

V1<V2

SetIismoreconsistent

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