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QTM

QTM

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Published by Amit Kumar
58f06Session 6 MOD 1 Measures of Dispersion
58f06Session 6 MOD 1 Measures of Dispersion

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Categories:Types, Business/Law
Published by: Amit Kumar on Sep 02, 2013
Copyright:Attribution Non-commercial

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09/02/2013

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MEASURES OF DISPERSION
 
WHAT IS MEASURE OF DISPERSION…
 
WE MEASURE EXTENT OF VARIATION OR THEDEVIATION OF EACH VALUE IN THE DATA SET FROMA MEASURE OF CENTRAL TENDENCY USUALLY THEMEAN OR MEDIAN. SUCH STATISTICAL TECHNIQUESARE CALLED MEASURES OF DEVIATION
PURPOSE
USED IN CONJUNCTION WITH AVERAGE
CONTROL THE VARIABILITY
COMPARE TWO OR MORE SETS OF DATA(VARIABILITY)
FACILITATE OTHER STATISTICAL TECHNIQUES LIKECORRELATION
 
CLASSIFICATION OF MEASURES OFDISPERSION
 ABSOLUTE MEASURES -
ARE DESCRIBED BY ANUMBER OR VALUE TO REPRESENT THEAMOUNT OF VARIATION OR DIFFERENCESAMONG VALUES IN A DATA SET. SUCH A NO ISEXPRESSED IN THE SAME UNIT OFMEASUREMENT eg INCHES, KILOGRAMS etc.
RELATIVE MEASURES
 – 
ARE THE RATIO OF AMEASURE OF ABSOLUTE VARIATION TO ANAVERAGE & IS TERMED AS COEFFICIENT OFVARIATION. IT IS INDEPENDENT OF ANY UNIT OFMEASUREMENT

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