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The Measures of dispersion of statistics illustrate the spread of data around the central value (i.e. Mean, Median and Mode). It states that, how much variability there is in the data. The measure of dispersion is of two kinds: range (in which, you subtract the lowest score from the highest score) and standard deviation (which computes the spread of scores around the mean.)
Methods of Measuring Dispersion:
Dispersion is measured on the basis of the difference of the two extreme values, chosen from the series of the data. The measure of dispersion can be computed by the given methods, as illustrated below:
- The Range
- The Inter-quartile Range or Quartile Deviation
Dispersion measured on the basis of the average deviation from various measures of central tendency. Let's have a look at them:
- The Mean/average deviation
- The Standard Deviation and
- The Coefficient of variation and
- The Gini coefficient and the Lorenz curve
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- Absolute And Relative Dispersion Assignment Help
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