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    Presentation of Range by Priyank

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    Priyank Mishra
    This document discusses measures of variation, which are necessary to describe how observations vary from the average value. It introduces four main methods for studying variation: the range, interquartile range, average deviation, and standard deviation. The range is defined as the difference between the largest and smallest observations; it is easy to calculate but does not describe the variation across all observations or open-ended distributions. Understanding measures of variation is important for determining the reliability of averages and controlling variability between data sets.

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    Presentation of Range by Priyank

    Uploaded by

    Priyank Mishra
    17 views7 pages
    This document discusses measures of variation, which are necessary to describe how observations vary from the average value. It introduces four main methods for studying variation: the range, interquartile range, average deviation, and standard deviation. The range is defined as the difference between the largest and smallest observations; it is easy to calculate but does not describe the variation across all observations or open-ended distributions. Understanding measures of variation is important for determining the reliability of averages and controlling variability between data sets.

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    This document discusses measures of variation, which are necessary to describe how observations vary from the average value. It introduces four main methods for studying variation: the range, interquartile range, average deviation, and standard deviation. The range is defined as the difference between the largest and smallest observations; it is easy to calculate but does not describe the variation across all observations or open-ended distributions. Understanding measures of variation is important for determining the reliability of averages and controlling variability between data sets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    17 views7 pages

    Presentation of Range by Priyank

    Uploaded by

    Priyank Mishra
    This document discusses measures of variation, which are necessary to describe how observations vary from the average value. It introduces four main methods for studying variation: the range, interquartile range, average deviation, and standard deviation. The range is defined as the difference between the largest and smallest observations; it is easy to calculate but does not describe the variation across all observations or open-ended distributions. Understanding measures of variation is important for determining the reliability of averages and controlling variability between data sets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 7

    Measures of Variation

    We have already studied the measures of central tendency . But the average alone cannot adequately describe a set of observations. It is necessary to describe the variability or dispersion of the observations. Measures of variations helps us in studying the important characteristic of a distribution. i.e., the

    extent to which the observation vary from one another from some average value.

    Example
    factory A wages(Rs.) factory B wages(Rs.) factory C wages(Rs.)

    2300 2300 2300 2300 2300

    2310 2300 2304 2306 2280

    2380 2210 2220 2200 2490

    Total: 11,500 X: 2,300

    11,500 2,300

    11,500 2,300

    Significance of measuring variance


    1. To determine the reliability of an average. 2. To serve as a basis for the control of the variability. 3. To compare two or more series with regard to their variability 4. To facilitate the use of other statistical measures.

    Methods of studying variation


    I. II. III. IV. The range. The inter quartile range. The average deviation. The standard deviation.

    RANGE
    It is defined as the difference between the value of the smallest observation and the value of the largest observation included in the distribution. Range= L-S L =largest value S= smallest value The relative measure corresponding to range , called the coefficient of range. Coefficient of range=(L-S)/(L+S).

    Merits and limitations of Range


    MERITS
    It is easiest to compute. Takes minimum time to calculate the value of range.

    LIMITATION Range is not based on each and every observation of the distribution. Range can not be calculated in the open end distribution.

    Range cannot tell us anything about the character of the distribution within two extreme observation. example
    Series A: 6, 46, 46, 46, 46, 46, 46, 46

    Series B:
    Series C:

    6,
    6,

    6,
    10,

    6,
    15,

    6,
    25,

    6,
    30,

    46,
    32,

    46,
    40,

    46
    46

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