MEASURES OF

CENTRAL
TENDENCIES
MEASURES OF DISPERSION
A. Measures of variability
- Another important characteristic of a
data set is how it is distributed, or how far
each element is from some measure of
central tendency (average).
- We next intend to analyze a set of data
by describing its spread or dispersion. It is
important to know how a set of values
spreads out or fructuates.
3 MEASURES OF VARIATION
1. Range = HV – LV
2. Variance = is mathematical expectations of
the squared deviations from the mean.
3. Standard Deviation = is a statistical term
that provides a good indication of
volatility. Volatility is a measure of risk, so
this statistic can help determine the risk an
inventor might take on when purchasing a
specific security.
EXTENSION OF THE MEASURES
OF DISPERSION AND LOCATION
 
 
ADVANCE STATISTICS
The following are the distribution of the ages of 100 employees
in market developers corporation situated in Makati.

Age f F≤

20 – 24 11 22 242 -2 -22 11

25 - 29 24 27 648 -1 -24 35

30 - 34 30 32 960 0 0 65

35 - 39 18 37 666 1 18 83

40 - 44 11 42 462 2 22 94

45 - 49 5 47 235 3 15 99

50 - 54 1 52 52 4 4 100

N = 100 3,265 13