define measure of dispersion and write merits and demerits
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Measures of dispersion describe the spread of data around a central value (mean, median or mode). There are two measures of dispersion: range (where you subtract the lowest score from the highest score) and standard deviation (SD) – which calculates the spread of scores around the mean.
merits:- Merits
- They indicate the dispersal character of a statistical series.
- They speak of the reliability, or dependability of the average value of a series.
- They enable the statisticians for making a comparison between two or more statistical series with regard to the character of their stability or consistency.
- They facilitate in controlling the variability of a phenomenon under his purview.
- They facilitate in making further statistical analysis of the series through the devices like co-efficient of skewness, co-efficient of correlation, variance analysis etc.
- They supplement the measures of central tendency in finding out more and more information relating to the nature of a series.
demerits
- They are liable to misinterpretations, and wrong generalizations by a statistician of based character.
- They are liable to yield inappropriate results as there are different methods of calculating the dispersions.
- Exception on or two, of the methods of dispersion involve complicated process of computation.
- They may give a value of variation, which may not be practically found with the items of the series.
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