Mathematics (Sep 2022)

Improved Confidence Interval and Hypothesis Testing for the Ratio of the Coefficients of Variation of Two Uncorrelated Populations

  • Abbas Bahrampour,
  • Zeynab Avazzadeh,
  • Mohammad Reza Mahmoudi,
  • António M. Lopes

DOI
https://doi.org/10.3390/math10193495
Journal volume & issue
Vol. 10, no. 19
p. 3495

Abstract

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One of the most accessible and useful statistical tools for comparing independent populations in different research areas is the coefficient of variation (CV). In this study, first, the asymptotic distribution of the ratio of CV of two uncorrelated populations is investigated. Then, the outputs are used to create a confidence interval and to establish a test of hypothesis about the CV ratio of the populations. The proposed approach is compared with an alternative method, showing its superiority and effectiveness.

Keywords