Measures of Dispersion
Measures of Dispersion
Measures of Dispersion
The most important use of measures of dispersion is that they help to get
an understanding of the distribution of data. As the data becomes more
diverse, the value of the measure of dispersion increases. In this article, we
will learn about measures of dispersion, their types along with examples as
well as various important aspects related to these measures.
Range: Given a data set, the range can be defined as the difference
between the maximum value and the minimum value.
Variance: The average squared deviation from the mean of the given data
set is known as the variance. This measure of dispersion checks the spread
of the data about the mean.
Standard Deviation: The square root of the variance gives the standard
deviation. Thus, the standard deviation also measures the variation of the
data about the mean.
Mean Deviation: The mean deviation gives the average of the data's
absolute deviation about the central points. These central points could be
the mean, median, or mode.
Absolute
Measures of Formulas
Dispersion
H-S
Range where H is the largest value and S is the
smallest value in a data set.
Population
Variance: σ2σ2 = ∑n1(Xi−¯¯¯¯¯X)2n∑1n(Xi−X¯)2
n
Variance Sample Variance:
s2 = ∑n1(Xi−¯¯¯¯¯X)2n−1∑1n(Xi−X¯)2n−1
where n is the number of observations
and ¯¯¯¯¯XX¯ is the mean
∑n1|X−¯¯¯¯¯X|n∑1n|X−X¯|n
Mean
where ¯¯¯¯¯XX¯ is the central value and
Deviation
denotes the mean, median or mode.
Q3−Q12Q3−Q12
Quartile
where Q3Q3 and Q1Q1 are the third and first
Deviation
quartiles respectively.
Relative Measures of Dispersion
Relative Measures
Formulas
of Dispersion
Coefficient of
(H - S) / (H + S)
Range
Coefficient of
(S.D. / Mean) * 100
Variation
Coefficient of
Q3−Q1Q3+Q1Q3−Q1Q3+Q1
Quartile Deviation