Glenn said:
=STDEV(A1:A10)*100/AVERAGE(A1:A10)
That is the way I always see the RSD formula written. But I wonder: is
the purpose of scaling by 100 simply to make the percentage appear as a
number between 0 and 100, but it is still interpreted as a percentage; or is
the statistic always expected to be scaled by 100, and it is interpreted as
an index?
Put another way, if the std dev is 4 and the mean is 8, would I say "the RSD
is 50", or would I say "the RSD is 50 percent".
If the latter, I would write the Excel formula as one of the following,
depending on whether the population or sample std dev is appropriate for the
statistical situation:
=STDEVP(A1:A10) / AVERAGE(A1:A10)
=STDEV(A1:A10) / AVERAGE(A1:A10)
formatted as Percentage (Format > Cells > Number).