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Measures Of Dispersion

Question
CBSEENST11024735

How many methods are there to calculate dipersion?

Solution

Following are the methods of absolute and relative measures of dispersion :

(i) Absolute measure : Range, quartile deviation, ‘mean deviation, standard deviation, Lorenz curve.

(ii) Relative measure : Coefficient of range, coefficient of quartile deviation, coefficient of mean deviation, standard deviation, coefficient of variation.