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CV question
a. Suppose that the number of appendectomies per 100 people performed in four cities is 6, 1, 5, and 10. Calculate the Coefficient of Variation (CV) between the four cities. Make sure to show your work.
b. In a couple of sentences explain why a health economist be concerned about a high CV?
c. We talked in class about a specific economic concept that could help explain why some procedures have a low CV (brain surgery) while others have a high CV (knee replacement). Name that concept and explain how it helps explain why something like kneed surgery has a high CV while brain surgery has a low CV.
This document contains various important questions and their appropriate answers in the subject field of Economics.
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