#semi inter-quartile range

[drcyrus]

Measures of dispersion

To have a meaningful insights from the deviations from the mean, the negative values are ignored so that only positive values are considered. Hence we talk about the absolute values from the mean.

Sometimes measures of central tendency does not give the actual picture of the data in question. For example if we were to determine the average income per home of a certain country, we may obtain a high value and fail to deduce that majority of people have been living below poverty line but are dominated by few individuals that earns extremely high incomes. The few people earning high raises the…

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[drcyrus]

Measures of dispersion

To have a meaningful insights from the deviations from the mean, the negative values are ignored so that only positive values are considered. Hence we talk about the absolute values from the mean.

Sometimes measures of central tendency does not give the actual picture of the data in question. For example if we were to determine the average income per home of a certain country, we may obtain a high value and fail to deduce that majority of people have been living below poverty line but are dominated by few individuals that earns extremely high incomes. The few people earning high raises the…

View On WordPress

[drcyrus]

Measures of dispersion

To have a meaningful insights from the deviations from the mean, the negative values are ignored so that only positive values are considered. Hence we talk about the absolute values from the mean.

Sometimes measures of central tendency does not give the actual picture of the data in question. For example if we were to determine the average income per home of a certain country, we may obtain a high value and fail to deduce that majority of people have been living below poverty line but are dominated by few individuals that earns extremely high incomes. The few people earning high raises the…

View On WordPress