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Measures of Dispersion

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monoswitamukherjee45
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14 views6 pages

Measures of Dispersion

Uploaded by

monoswitamukherjee45
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MEASURES OF DISPERSION

Done by Monoswita Mukherjee


Stream – B.SC Economics(hons)
College Roll No – SC2309019
Registration No – 613-1211-0264-23
CU Roll No – 233613-11-0031
What is the crucial role played by
measures dispersion?
In statistics , the measures if dispersion
help to interpret the variability of data
that is to know how much homogeneous or
heterogeneous the data is. It shows how
squeezed or scattered the variable is.
In case of two sets of data are expressed
in different units, the absolute measures of
dispersion are not comparable. In such case
measure of relative dispersion should be
used.
We often avoid the role of units which have
a crucial role in the measures of
dispersion. For comparing two sample like
production of milk and production of wheat
we have to apply the units so that we could
compare those sample sets.
Different Measures of Dispersion
 RANGE – simplest measure of dispersion .difference between the largest and the
smallest values.
 VARIANCE – Variance measures how far each number in the set is from the mean and
thus from every number in the set.
 MEAN DAVIATION – The mean deviation is used to calculate the average deviation from
the mean value of the given data set.
 STANDARD DEVIATION – Standard deviation is the positive square root of the average
of the squared deviation taken from arithmetic mean.
 The standard deviation is represents by the Greek letter (sigma).
 Standard deviation is the best measure among the measures of dispersion .
 As it is based on all values, it can provides the information about the series.
 It is useful in advanced statistical calculation like the comparison of variability in two data
sets.
 It is independent of origin but not of scale.
When SD is not a best
measure of Dispersion?
In case of comparison of two
sample SD is not a best measure
because it dies not takes the units.
Then we have to calculate relative
measures.
Quartile Deviation
 Quartile Deviation is defined as half the difference between the upper and
the upper and the lower quartiles.
 Because of the presence of the open ended class when others measures are
not applicable ,then we use Quartile deviation.
𝑄 = − 𝑄1
 QD 3
2

 CO-EFFICIENT OF VARIANCE : Measures relative variation. Always in


percentage(%). Shows variation relative to mean. Can be used to compare the
variability of two or more sets of data measured in different units.
THANK YOU

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