Standard Error
Dispersion of data is important.
In
Quality
field,
dispersion is important factor to succeed.
Standard deviation and variance ( square of standard deviation ) are useful
Statistical Value
to evaluate dispersion.
There is a case that standard deviation is larger as average is larger. In such case, standard deviation is not appropriate to evaluate.
Coefficient of variation is defined as
"Standard deviation / average"
This is useful to solve problem.
SN ratio series of Quality Engineering is also made to evaluate dispersion.
NEXT Standard Error
