Mid Term Question
CS201 MID TERM SOLVED MCQs || PAST PAPERS || GROUP-1 || INTRODUCTION TO PROGRAMMING || VuTech Visit Website For More Solutions www.vutechofficial.blogspot.com …
What do you know about the moments ratio, and what are its uses?
The moments ratio is a statistical measure used to describe the shape of a probability distribution. It involves calculating the ratio between the moments of a distribution, typically the mean and the standard deviation or variance.
For a distribution with a mean
μ and standard deviation
σ, the moments ratio (also known as the coefficient of variation) is calculated as:
Coefficient of Variation (CV)= μ / σ
​
This ratio indicates the dispersion or variability of a distribution relative to its mean. A low moments ratio suggests that the values in the distribution are clustered closely around the mean, while a high moments ratio indicates greater dispersion or variability.
It helps compare the variability of different distributions or datasets. For instance, in finance, it can be used to compare the risk associated with different investments.
It standardizes measures across different scales or units. For example, when comparing datasets with different units or scales, the moments ratio provides a dimensionless measure.
In manufacturing or quality control processes, it can be used to assess the consistency or variability of a product's characteristics.
It's used in various fields to analyze biological and medical data to understand the variability of parameters like blood pressure, body weight, etc.
The moments ratio is a simple yet powerful tool in statistics for understanding and comparing the dispersion or variability of data sets, providing insights into the relative stability or consistency of a distribution's values.
About VuTech
Soratemplates is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of soratemplates is to provide the best quality blogger templates which are professionally designed and perfectlly seo optimized to deliver best result for your blog.
We provide Virtual University of Pakistan Study Materials such as Solution of Assignments, GDBs, Mid Term Solved Papers, Final Term Solved Papers, Mid Term Solved MCQs, and Final Term Solved MCQs. We also provide regular Semester Quizzes, Updated Handouts, and Short Questions and Answers. We help you with your research and many other educational-related topics, as far as we know. Furthermore, Share your problem with us and Please feel free to ask any related questions.
