Chartered Property Casualty Underwriter (CPCU) 500 Practice Exam

The coefficient of variation measures how large the variability is relative to the mean, expressed as a dimensionless ratio. It’s found by dividing the standard deviation by the mean, so it can be compared across data sets with different scales.

Here, divide 15,000 by 10,000 to get 1.5, which is 1.50 in decimal form. This means the variability is 150% of the mean. Among the options, 1.50 matches this result.