BBA 201-18

Business Statistics
Unit-2(Measures of Variation)
L5-LESSON 6

Vivek Sharma
 Vivek Sharma

Unit-2( Measures of Variation)

L5- Meaning of Variation

Unit-2
L1 –Definition, Purpose and Functions, Characteristics of
a Good Measure, Measures of Central Tendency
L2- Calculation of Arithmetic Mean
L3- Calculation of Median
L4- Calculation of Mode and other partition Values
L5- Measures of Variation- Absolute and Relative Learning Objectives
Measures 1.Meaning of Dispersion
L6- Range, Quartile Deviation 2.Objectives
L7- Mean Deviation 3.Properties of Good
Measure
L8- Standard Deviation and Variation
 Vivek Sharma

L5- LESSON7 Unit-2( Measures of Variation)

Dispersion

 Dispersion indicates the measure of the extent to

which individual items differ. It indicates lack of
uniformity in the size of items.
 Dispersion or spread is the degree of the scatter
125
100
75

or variation of the variables about central value” 50

25
0
OR 1 2 3 4 5 6 7 8 9 10

 “The degree to which numerical data tend to 125

spread about an average value is called the 100
75

Variation or dispersion . 50
25
0
1 2 3 4 5 6 7 8 9 10
 Vivek Sharma

L5- LESSON7 Unit-2( Measures of Variation)

Objectives

Measures of Dispersion serves the following objects:

 To determine the reliability of an average.

 To compare the variability of different

Distribution.

 To control the variability.

 To facilitate the use of other Statistical

Techniques
 Vivek Sharma

L5- LESSON7 Unit-2( Measures of Variation)

Requisites of Good Measures

 It should be rigidly defined.

 It should be simple to understand & easy to
calculate.
 It should be based upon all values of given data.
 It should be capable of further mathematical
treatment.
 It should have sampling stability.
 It should be not be unduly affected by extreme
values.
 Vivek Sharma

L5- LESSON7 Unit-2( Measures of Variation)

Measures of Dispersion

Absolute Measures of Dispersion:

The measures of dispersion which are expressed in
terms of original units of a data are termed as
Absolute Measures.

Relative Measures of Dispersion:

Relative measures of dispersion, are also known as
coefficients of dispersion, are obtained as ratios or
percentages.
These are pure numbers independent of the units of
measurement.
 Vivek Sharma

L5- LESSON7 Unit-2( Measures of Variation)

Different Measures of Dispersion
Different Measures of Dispersion:
1.Range
2.Mean Deviation
3.Quartile Deviation
4.Standard Deviation
5.Variation
6.Coefficient of Variation