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CCP303
CCP303
CCP303
ANDHRA PRADESH
Name : Dr.G.R.Jyothi
Designation : Lecturer
Branch : DCCP
Institute : SGM Government Polytechnic, Abdullapurmet
Semester : II Yr / 3RD Semester
Sub. Name : QUANTITATIVE TECHNIQUES – I
Sub. Code : CCP-303
Major Topic : Dispersion, Range & Co-Efficient Of Range
Duration : 50 Minutes
Sub. Topic : Various Measures of Dispersion
Teaching Aids : PPTs
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Objectives
On Completion of this period, you would
be able to understand:
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Recap
What is Dispersion
Various objectives of dispersion
Ascertaining the reliability of Average
Basis for control of variability
Compare series for their variability
Facilitates use of other statistical measures
Properties of Dispersion
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Introduction
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MEASURES OF DISPERSION
ALGEBRAIC GRAPHIC
(ABSOLUTE AND RELATIVE) (LORENZ CURVE
RANGE
QUARTILE
DEVIATION
MEAN
DEVIATION
STANDARD
DEVIATION
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Absolute Measure of Dispersion
What is Absolute?
Expressed in the same Statistical unit
in which original data are given
Ex. Rupees, kgs, tonnes, etc.,
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Absolute Measure Contd
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Relative Measure of Dispersion
to an appropriate average
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Relative Measure Contd
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Relative Measure Contd
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Computing Relative Dispersion
• While computing,
• The Average used as base
• Should be same from which absolute
deviations are measured
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Computing Relative Contd
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Important Methods of Studying
Variation
1. Range
2. Inter-quartile Range and
3. Quartile Deviation
These are positional measures
As they depend on values at
particular position in distribution
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Methods of studying of Variation
Contd
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Brief explanation to the Methods
of studying Variation
I. Range
Simplest Method
Difference between Smallest and Largest items
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Briefly
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Briefly
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Briefly
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Briefly
V. Lorenz Curve
Devised by Max O.Lorenz, a famous economic
statistician
Graphic method of studying dispersion
Cumulative Percentage Curve
Used in distribution of wealth & income
Study the distribution of profits, wages,
turnover, etc
Study of degree of inequality in distribution of
income and wealth
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Example of Lorenz Curve
Figure 1.1
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Summary
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Quiz
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Frequently Asked Questions
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Assignment
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