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what does Coefficient of Variation tell us (how is it useful) and what does Standard Deviation...

what does Coefficient of Variation tell us (how is it useful)
and what does Standard Deviation tell us? If the SD is $7,000, what does it mean?
Please try to explain in the easiest way
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Coefficient of Variation is a measure of relative variation or dispersion,as it is the ratio of the standard deviation to the mean but standard deviation is a absolute measure of dispersion.

We can compare the variability of two different variables(i.e. one data series to another) using coefficient of variation.

If SD is dollars 7000,it means that it is on average 7000 away from the mean.

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