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The mean of the distribution is 24 and standard deviation is 6. What is the value of the variance factor\ co-efficient of variance?
1. 20%
2. 25%
3. 30%
4. 15%

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Correct Answer - Option 2 : 25%

GIVEN:

Standard Deviation = 6

Mean of the distribution = 24

FORMULA USED:

Standard Deviation = Mean × Co-efficient of Variance/100

CALCULATION:

Standard Deviation = Mean × Co-efficient of Variance/100

⇒ 6 = 24 × Co-efficient of Variance/100

⇒ Co-efficient of Variance = 100/4 = 25%

∴ Co-efficient of Variance = 25%

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