Professor Vipin 2015 Measures of Dispersion Absolute Measures of Variation 1. 2. 3. 4. Range Quartile Deviation Mean Deviation Standard Deviation Relative Measures of Variation 1. 2. 3. 4. Coefficient of Range Coefficient of Quartile deviation Coefficient of Mean deviation Coefficient of Standard deviation Range It is the simplest method of studying variation. Coefficient of Range Quartile Deviation It is the half of the inter quartile range. Coefficient of QD www.VipinMKS.com Page 1 Professor Vipin 2015 Mean Deviation (From Mean) 1. Ungrouped Data ∑| ̅| 2. Discrete Data (Grouped) ∑ | ̅| 3. Continuous (Grouped) is a relative measure ( ̅) ̅ Mean Deviation (From Median) 1. Ungrouped data ∑| | 2. Discrete data (Grouped) ∑ | | 3. Continuous (Grouped) ( ) www.VipinMKS.com Page 2 Professor Vipin 2015 Mean Deviation (From Mode) 1. Ungrouped Data ( ) ∑| | 2. Discrete data (Grouped) ∑ | | 3. Continuous (Grouped) It is the same as discrete data. However x denotes the mid points of the CI Standard Deviation It is the positive square root of the mean of the squared deviations of given observations from their AM. 1. Ungrouped Data Direct Method ∑( √ ̅) ∑ √ ( ∑ √ ( ∑ ) Deviation Method www.VipinMKS.com ∑ ) Page 3 Professor Vipin 2015 2. Discrete Data (Grouped) ∑ √ ( ∑ √ ( ∑ √ ( ∑ ) Deviation Method ∑ ) 3. Continuous Frequency (Grouped) ∑ ) Where x is the midpoint of the class interval Deviation Method ∑ ( ́) √ ( ∑ ́ ) ́ Coefficient of SD ̅ Coefficient of Variation ̅ www.VipinMKS.com Page 4 Professor Vipin 2015 Moments Meaning Moments are used to describe characteristics of a frequency distribution such as averages, dispersion, skewness and kurtosis. Types of Moments 1. Raw Moments Moments about any arbitrary point ‘A’ are known as raw moments. ∑( ) 2. Central Moments Moments about the mean are known are central moments. a) First ∑( x) b) Second ∑( x) c) Third ∑( x) ∑( x) d) Fourth Karl Pearson’s Beta and Gamma Coefficients These are coefficients based on the 1st four central moments. www.VipinMKS.com Page 5 Professor Vipin 2015 Also √ Tells us if a distribution is skewed or whether it is symmetrical and between a symmetrical curve and normal curve. tells us the difference Skewness In probability theory and statistics, skewness is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean. The skewness value can be positive or negative, or even undefined. Types of Skewness Teacher expects most of the students get good marks. If it happens, then the cure looks like the normal curve below: But for some reasons (e. g., lazy students, not understanding the lectures, not attentive etc.) it is not happening. So we get another two curves. Karl Pearson’s Coefficient of Skewness x Bowley’s Coefficient of Skewness www.VipinMKS.com Page 6