It is important to understand measures of Dispersion in Statistics. This equips the Manager with a more powerful analysis skill as compared to just understanding measures of Central Tendency.

A basic measure used to summarize data is the measure of “Dispersion”

Dispersion measures indicate the spread of data points around the central tendency measure

(say mean), and give an idea of variability in the data.

There are different ways to measure Dispersion as well, and we need to use the

appropriate measure, given a situation.

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