Question

What is measures of dispersion? What are the characteristics of good measure of dispersion?

Answer 1

There are various tools to measure dispersion, namely Range, Average Deviation, Standard Deviation, Variance and Coefficient of Variation. Range: This is the simplest possible measure of dispersion and is defined as the difference between the largest and smallest values of the variable.

Answer 2

There are various tools to measure dispersion, namely Range, Average Deviation, Standard Deviation, Variance and Coefficient of Variation. Range: This is the simplest possible measure of dispersion and is defined as the difference between the largest and smallest values of the variable.