Quartiles, Quartile Deviation and Coefficient of

Quartile Deviation
The Quartile Deviation is a simple way to estimate the spread of a
distribution about a measure of its central tendency (usually the mean).
So, it gives you an idea about the range within which the central 50% of
your sample data lies. Consequently, based on the quartile deviation, the
Coefficient of Quartile Deviation can be defined, which makes it easy to
compare the spread of two or more different distributions.

Find the quartile deviation of 4,6,9,12,18,20,23,27,34,48 and 53

The standard deviation which is an absolute measure of dispersion of a
given distribution, the coefficient of variation is a useful quantity which
is a relative measure of dispersion for the distribution. We can easily
derive it from the standard deviation itself

We define, the Coefficient of variation as the ratio of the standard

deviation and the Arithmetic Mean of a distribution as a percentage. It is
unit-less and serves as a very useful quantity in the economic sector for
relative risk assessment and comparison between two quantifiable data
curves. It is represented as CV.