Parameter: relative standard deviation

The relative standard deviation (RSD or %RSD) is the absolute value of the coefficient of variation. It is often expressed as a percentage. A similar term that is sometimes used is the relative variance which is the square of the coefficient of variation. Also, the relative standard error is a measure of a statistical estimate's reliability obtained by dividing the standard error by the estimate; then multiplied by 100 to be expressed as a percentage.

The relative standard deviation is widely used in analytical chemistry to express the precision and repeatability of an assay. It is also commonly used in fields such as engineering or physics when doing quality assurance studies and ANOVA gauge R&R.

100 × [(standard deviation of array X)/ (average of array X)] = relative standard deviation expressed as a percentage

Source: http://en.wikipedia.org/wiki/Relative_standard_deviation