Question 40 of 61
Q.What is meant by measure of dispersion ?
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2022Subjective· 3mImportance★★★★★
66% · 40/61 Questions
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Start your 14-day free trial to unlock the full solution →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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