Two objectives of the measures of dispersion
Dear Student
Objectives of measures of dispersion:
(a) Measures of dispersion help us in testing the reliability of an average. If the variation is small the degree of reliability will be low
(b) Measures of dispersion are also useful in comparing two or more series with regard to disparities. A great degree of dispersion would mean lack of uniformity or consistency of the data.
Regards
Objectives of measures of dispersion:
(a) Measures of dispersion help us in testing the reliability of an average. If the variation is small the degree of reliability will be low
(b) Measures of dispersion are also useful in comparing two or more series with regard to disparities. A great degree of dispersion would mean lack of uniformity or consistency of the data.
Regards