These are the measures of variability
These are the measures of variability
1. Range
2. IQ
3. Variance
4. Std. Deviation
Use it when: You need a quick and simple measure of the spread of data. It's easy to
calculate and provides a basic understanding of the data's range.
Limitations: Highly sensitive to outliers. A single extreme value can drastically inflate
the range, making it less representative of the overall spread.
A. Range
Step 1: Find the highest value.
Use it when: You want to understand the spread of the middle 50% of your data. This is
particularly useful when dealing with skewed data or data containing outliers, as the IQR
is less affected by extreme values.
Limitations: Doesn't provide information about the spread of the entire dataset, only the
middle 50%.
Q1 is the median of the lower half of the data. The lower half is {2,
4}. The median of {2, 4} is (2+4)/2 = 3.
Q3 is the median of the upper half of the data. The upper half is {8,
10}. The median of {8, 10} is (8+10)/2 = 9.
IQR = Q3 - Q1 = 9 - 3 = 6
Therefore, the IQR is 6. This tells us the spread of the middle 50%
of the data.
Use it when: You need a measure of the average squared deviation from the mean. It's a
key component in many statistical calculations and helps understand how spread out the
data is around the mean.
Limitations: Difficult to interpret directly due to being in squared units. The standard
deviation is often preferred for easier interpretation.
Mean = (2 + 4 + 6 + 8 + 10) / 5 = 6
Step 2: Subtract the mean from each data point and square
the result.
(2-6)² = 16
(4-6)² = 4
(6-6)² = 0
(8-6)² = 4
(10-6)² = 16
16 + 4 + 0 + 4 + 16 = 40
Use it when: You need a measure of the typical deviation from the mean. It's the most
commonly used measure of variability and provides a clear understanding of how data
points are distributed around the mean.
Limitations: Sensitive to outliers like the range, but less so than the range.
Outliers: If you're concerned about outliers, use the IQR or standard deviation.
Data distribution: If you're dealing with skewed data, the IQR might be more
informative than the standard deviation.
Further calculations: Variance is often used as a building block for other statistical
calculations.
Standard Deviation
Step 1: Calculate the variance (we already did this: 10).