Methods of Studying Variation: 6 Methods (With Formula, Merits & Demerits) | Dispersion

The following are some of the most important measures of studying variation in the data: 1. Range 2. Quartile deviation 3. Mean deviation 4. Standard deviation 5. Coefficient of variation 6. Lorenz curve Method # 1. Range: Range is the simplest measure of studying dispersion. It is the difference between the largest and smallest value in the distribution. It is [...]