This is interpreted as meaning the dispersion of points around the mean is less for the blue curve than for the dashed red curve. Less variation in your process is preferred. Comparing the coefficient ...

Investors calculate the coefficient of variation of an investment in order to determine whether its potential rewards are worth the risk.

The coefficient of variation (COV) is a measure of relative event dispersion that's equal to the ratio between the standard deviation and the mean. While it is most commonly used to compare ...