Measures Of Dispersion
ICSE · Class 11 · Economics
Flashcards for Measures Of Dispersion — ICSE Class 11 Economics. Quick Q&A cards covering key concepts, definitions, and formulas.
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What does dispersion mean in statistics?
Answer
Dispersion is a measure of the scatteredness or variation of the values in a series. It shows how much the items differ from one another and from the central value. For example, two series can have th…
Why are averages alone not enough to describe a series?
Answer
An average gives only one central value, but it does not show how the items are spread. Two series may have the same average and yet one may have very small variation while the other may have wide var…
State the definition of dispersion given by L.R. Connor.
Answer
Dispersion is a measurement of the extent to which the individual items vary. This definition focuses on the variation among the items in a series.
State the definition of dispersion given by Bowley.
Answer
Dispersion is the variation of the items. The definition is short, but it clearly shows that dispersion is about spread or variability in a set of values.
What is meant by dispersion being a type of average?
Answer
Dispersion gives a summary measure of spread, just like an average gives a summary of central value. It is called an average of the second order because it summarises deviations and variation in a sin…
What are the main uses of measures of dispersion?
Answer
Measures of dispersion help in checking how reliable an average is, comparing variability in different series, controlling variation in areas like quality and health, and supporting other statistical …
What qualities should a good measure of dispersion have?
Answer
A good measure of dispersion should be simple, clearly defined, easy to calculate, based on all observations, suitable for algebraic treatment, little affected by sampling fluctuation, and not unduly …
What is the difference between absolute and relative measures of dispersion?
Answer
Absolute measures are expressed in the same unit as the data, such as rupees or kilograms. Relative measures are coefficients or percentages and do not depend on the unit of measurement. Relative meas…
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