Definition(s)
Coefficient of Variance
Dimensionless measure of the dispersion of a random variable, calculated by dividing the standard deviation by the mean.
Source: API TR 5C3, Technical Report on Equations and Calculations for Casing, Tubing, and Line Pipe Used as Casing or Tubing; and Performance Properties Tables for Casing and Tubing, Upstream Segment, First Edition, December 2008. Global Standards