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What is Measures of Dispersion Explained about?

Measures of dispersion like range, quartile deviation, variance and standard deviation describe how spread out the data is from the average. Range is the difference between highest and lowest values but can be influenced by outliers. Quartile deviation ignores outliers by using the inter-quartile range, which is the difference between the third and first quartiles. It describes average deviation from the median. Variance and standard deviation take all values into account and are more accurate measures of s

Author

Sho Pin Tan

Language

EN