Measures of dispersion Flashcards
What is range?
It tells us the spread of the data
How can you calculate the range?
Largest-smallest+1
What is a weakness of the range?
Doesn’t take into account all data
What is variance?
Spread of data around the mean
What does a large variance mean?
Data is spread/varied from the mean
What does a small variance mean?
Data is not spread/varied from the mean
What is a strength of the variance?
Takes all data into account
What is a weakness of the variance?
Can be skewed by an anomaly
What is the calculation for the variance?
what is standard deviation?
average spread of data around the mean
What is a large standard deviation?
Data is spread on average far from mean
What is a small standard deviation?
Data is not very spread on average from the mean
What is strength of standard deviation?
Reverts to a similar figure as the mean, so we can make a direct comparison
What is the calculation of standard deviation?
What is the steps to calculate standard deviation?