
Distinguish between absolute and relative measures of variation. Give a broad classification of the measures of variations.

Important Questions on Measures of Dispersion
Explain and illustrate how the measure of variation afford a supplement to averages in the frequency distribution.

What do you understand by 'coefficient of variation?' Discuss its importance in business problems.

When is the variance equal to the standard deviation? Under what circumstances can variance be less than the standard deviation? Explain.

A retailer uses two different formulas for predicting monthly sales. The first formula has an average of records, and a standard deviation of records. The second formula has an average of records, and a standard deviation of records. Which formula is relatively less accurate?

In a small business firm, two typists are employed typist and . Typist types out, on an average, pages per day with a standard deviation of . Typist , on an average, types out pages with a standard deviation of . Which typist shows greater consistency in his output?

Age in years | |||||||||
Number of persons |

Life(Number of years) | |||||||
Refrigerator | Model | ||||||
Model |
Find the mean life of each model. Which model has greater uniformity? Also obtain mode for both models.

Calculate the quartile deviation and coefficient of the quartile deviation from the following data:
Size | |||||
Frequency |
