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Measures of Dispersion

Measures of Dispersion

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Published by kartikharish

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Published by: kartikharish on Sep 12, 2010
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12/05/2012

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Measures of Dispersion or VariationDr. Vijay Kumar
vijay_gahlawat@yahoo.co.in;vijay.gahlawat@gmail.com
 
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Dispersion
 ± The degree to which data tends to spreadabout an average value is called variation or dispersionof the data.
Measures of Dispersion:-
Techniques that are used tomeasure the extent of variation or the deviation of each value in the data set from a measure of centraltendency (mean, median).
 
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W
hy we need Measures of Variations?
To determine the reliability of an average.To serve as a basis for the control of the variability To compare two or more series with regards to their variabilityTo facilitate the use of other statistical measures(correlation analysis, the testing of hypothesis, theanalysis of fluctuations, techniques of productioncontrol, cost control etc.)

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