INSTITUTE - USB

DEPARTMENT - BBA
Bachelor of Business Administration
Business Mathematics & Statistics
22BAT-153
Faculty Name : Mr. Sushil

Measure of Dispersion DISCOVER . LEARN .

EMPOWER 1
 Course Outcomes

Sr.N
o. Course Outcome Level
The student will acquaint himself/
herself the significant role of
CO1 Remembering
mathematics in the business
decisions
Student will learn to evaluate and
solve the business problems with Understandin
CO2
the help of mathematical g
formulation of problem

Students will learn to apply

appropriate & fundamentals
CO3 Analysing
techniques to solve business
problems
Image Source techentice.com

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Course Objectives

 To provide an insight to the

mathematical and Statistical concepts
• To make students aware about
numerical formulation of business
problem and how conducts
investigation to get best alternative.
• To apprise the reader regarding the data
relating to daily use i.e Time Series
Define dispersion

A measure of scatteredness of items about some average is

also called a measure of dispersion. We may define a
measure of variation of a statistical data as the
measurement of the spread of the items about an average
value.
Objectives of dispersion

To know the variation of different values of the items from the

average value of a series.
To know about the composition of a series.
To know the range of the values
To compare the disparity between two or more series in order to
find out the degree of variation.
To know whether the central tendency truly represents the series
or not.
Absolute measure Relative measure
When dispersion is When dispersion is
expressed in terms of expressed in terms of some
original units of the relative value or
series. percentage
Cannot be used if Used for comparisons.
comparisons are to be Also knows as coefficient
made in two series of dispersion
expressed in different
units
Eg range , quartile Eg. coefficient of range,
deviation, mean quartile deviaition, mean
deviation, standard deviation
deviation, Lorenz curve
Range Coefficient of range
It is the difference It is the ratio between
between the highest the difference between
value and the lowest the highest and lowest
value in a series value in a series and
the sum of the lowest
and the highest value
in a series.
Inter- quartile Quartile Coefficient of
range deviation QD

Difference It is half of inter- It is the relative

between the quartile range. measure of QD to
third quartile serve
( Q3) and the comparisons
first quartile
(Q1)
 Recommended Text Books:

• Sancheti,  D.C.,  A.M.  Malhotra  &  V.K.  Kapoor, Business  
Math ematics,  Sultan Chand & Sons, New Delhi  
• Zameerudin,   Qazi,   V.K.   Khanna   &   S.K.  Bhambri, 
 Business   Mathematics, 
 Vikas Publishing House Pvt. Ltd, New Delhi.
• Reddy,  R.Jaya  Prakash, Y.  Mallikarjuna  Reddy,  A  Text  B
ook  of Business Mathematics, Ashish Publishing House, Ne
w Delhi.  
• Dr Padmalochan Hazarika A Textbook of Business Statistics,
4th Edition, Sultan Chand and Sons

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 REFERENCE BOOKS
• Business Mthamatics and Statistics 7s, Fransis, Andre & Ben Mously,
Cengage Learning
• Gaurav, jagtar, Kakade, Business Mathematics, Diamond Pubications
• Ramesh. N. Thiru, Business Mathematics, Tamilnade Textbook Corporation,
Chennai
• Business Mathematics and Statistics 7s, Fransis, Andre & Ben Mously,
Cengage Learning
• Schaum'S Outline Of Business Statistics, Leonard, j, Kazmier, Tata Mac
Grew Hill

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 Online Resources

• https://www.youtube.com/watch?v=_qi_ZhbLNmY
• https://www.youtube.com/watch?v=bttClnBVZ98
• https://www.khanacademy.org/math/probability/data-
distributions-a1/summarizing-spread-distributions/v/range-
variance-and-standard-deviation-as-measures-of-dispersion

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THANK YOU

For queries
Email: sushil.e12448@cumail.in

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