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Question 40 of 61

Q.What is meant by measure of dispersion ?

ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2022Subjective· 3mImportance★★★★★
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Dispersion = the extent of scatter of data about the average.

A measure of dispersion is a single value that describes how the individual observations of a distribution are spread out or scattered about a central value (such as the mean). It answers the question 'how variable is the data?'.

Uses and importance:

  • It shows the reliability of an average — a small dispersion means the average represents the data well.
  • It allows comparison of the consistency of two or more distributions.
  • It is the basis for further statistical analysis (e.g. control of variability). …

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