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G1 IT Report

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0% found this document useful (0 votes)
26 views16 pages

G1 IT Report

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

MEASURE OF

VARIABILITY
MEASURE OF VARIABILITY

Statistical tools used to


quantity the spread or
dispersion of a set of data.
IMPORTANCE OF MEASURE OF VARIABILITY

• Understanding Data Distribution


• Comparing Datasets
• Identifying Outliers
• Informing Statistical Inference
• Risk Assessment and Decision Making
Use of Measures of
Variability
1) 2) 3)
Descriptive
Quality Control Market Analysis
Statistics
4) 5)
Medical Education
Research
Interquartile
Range Range

4 MEASURE OF VARIABILITY

Standard
Deviation
Variance
RANGE
• The easiest measure of variability to
calculate.

• Used to know about the spread of the data


from the least to the most value within the
distribution.
RANGE

FORMULA:
Range= Highest score - Lowest score
INTERQUARTILE RANGE

• Provides middle spread of the distribution.

• Provides consistent variability for normal


and skewed distribution.
INTERQUARTILE RANGE

FORMULA:

IQR= Q3 - Q1
Standard Deviation
• Average amount of variability in your
dataset.
HIGH STANDARD DEVIATION

•Values are generally far from the mean.


LOW STANDARD DEVIATION

• Values are clustered close to the mean.


VARIANCE
• Spread between numbers in a data set.

•Statistical measurement used to


determine how far each number is from
the mean and from every other number in
the set.
LEVEL OF MEASUREMENTS

• To get the ordinal level of measured


data, the IQR (Interquartile Range)
and the Range are the only factors of
measures of variability that need to
be considered.
LEVEL OF MEASUREMENTS
• For complicated ratio and
interval level, the Variance and
Standard Deviation (SD)
consider.
DISTRIBUTION
• Variance and SD(Standard
Deviation) prefer to take the
complete data set into account.

• The IQR is the best measure for


skewed distribution.
CONCLUSION
It is a measure of how
spread out or dispersed
the data is around the
central tendency, such
as the mean or median.

A dataset with high variability will have a wider


range of values, while a dataset with low
variability will have values that are more tightly
clustered around the central tendency.
Thank you!

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