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Lecture6Measuresof Dispersion

The document discusses measures of dispersion like standard deviation, variance and coefficient of variation. It provides an example to calculate variance and standard deviation from commodity price data over 7 days. It also provides home assignment questions, one on finding mean, standard deviation and coefficient of variation from age and number of persons data, and another on identifying more consistent expenditure data from two cities based on family expenditure on education frequencies.

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Dr-Ajay Singh
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28 views10 pages

Lecture6Measuresof Dispersion

The document discusses measures of dispersion like standard deviation, variance and coefficient of variation. It provides an example to calculate variance and standard deviation from commodity price data over 7 days. It also provides home assignment questions, one on finding mean, standard deviation and coefficient of variation from age and number of persons data, and another on identifying more consistent expenditure data from two cities based on family expenditure on education frequencies.

Uploaded by

Dr-Ajay Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Measures of Dispersion-

Standard deviation , Variance, Coefficient


of variance etc.
(Lecture-6)
By
Dr. Ajay Singh
ABES Business School, Ghaziabad
2

Variance and Standard Deviation


3

Standard Deviation
4

Standard deviation
5

Coefficient of Variation
6

Variance and Standard Deviation

Example : The wholesale prices of a commodity for seven consecutive


days in a month is as follows:

Days : 1 2 3 4 5 6 7
Commodity
price/quintal : 240 260 270 245 255 286 264

Calculate the variance and standard deviation.


7

Variance and Standard Deviation


8

Variance and Standard Deviation


Home Assignment
• Q1- Find the AM and SD from the following Data. Also find
coefficient of variation
• Age(Less Than): 10 20 30 40 50 60 70 80
• No of Person :15 30 50 75 100 110 115 125
• Q2- The following table gives the frequency distribution of
expenditure on education per family among middle class
families in two cities. Which city expenditure is consistent.
Expenditure(in Thusands) City A City B
3-6 28 39
6-9 292 284
9-12 389 401
12-15 212 202
15-18 59 48
18-21 18 21
21-24 2 5
THANK YOU !!

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