Commerce Exam  >  Commerce Questions  >  The best measure of dispersion isa)Quartile d... Start Learning for Free
The best measure of dispersion is
  • a)
    Quartile deviation.
  • b)
    Standard deviation.
  • c)
    Mean deviation.
  • d)
    Range.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The best measure of dispersion isa)Quartile deviation.b)Standard devia...
Standard deviation is the best and widely used measure of dispersion. The properties of standard deviation are:
(i) Standard deviation is rigidly defined.
(ii) It requires harder calculations.
(iii) It depends on all the values of the variable.
(iv) It is based on deviations from the arithmetic mean.
(v) It is capable of further statistical treatment.
View all questions of this test
Most Upvoted Answer
The best measure of dispersion isa)Quartile deviation.b)Standard devia...
Explanation:


Dispersion refers to the degree of variation or spread of a set of data. It is used to measure how spread out the data is from the average. There are various measures of dispersion, such as range, mean deviation, quartile deviation, and standard deviation. Out of all these measures, the standard deviation is considered the best measure of dispersion for the following reasons:

Accuracy:


Standard deviation is the most accurate measure of dispersion because it takes into account all the observations and their distance from the mean. It considers each observation's distance from the mean, squares it, and then calculates the average of all the squared differences. The resulting value is the square root of the variance, which is the standard deviation. Thus, it provides a more accurate and precise measure of dispersion.

Consistency:


Standard deviation is consistent, and it can be used to compare the dispersion of two or more sets of data. It is based on the concept of the normal distribution, which is a widely used statistical model. Therefore, it is easier to interpret and compare the standard deviation of different sets of data.

Usefulness:


Standard deviation is useful in statistical analysis because it has several properties that make it a suitable measure of dispersion. It is sensitive to outliers, which are the extreme values in the data set. It provides information about the shape of the distribution, which is useful in hypothesis testing. It is also used in calculating confidence intervals and in determining the sample size needed for a study.

Conclusion:


In conclusion, the standard deviation is the best measure of dispersion because of its accuracy, consistency, and usefulness. It provides a more accurate and precise measure of dispersion, is consistent and can be used to compare different sets of data, and has several properties that make it a suitable measure of dispersion.
Free Test
Community Answer
The best measure of dispersion isa)Quartile deviation.b)Standard devia...
I think standerd deviation is best of measurement... because....it give the information about the complete series....all other deviation is not as suitable as standard deviation...I standard deviation we can easily find about...any deta details...but all other deviation...take more time...



Hope Soo...it is correct...
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Top Courses for Commerce

The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer?
Question Description
The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer?.
Solutions for The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The best measure of dispersion isa)Quartile deviation.b)Standard deviation.c)Mean deviation.d)Range.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev