Definition: The Dispersion Calculator computes measures of dispersion for a dataset, including range, interquartile range (IQR), quartile deviation, sample variance, and sample standard deviation, to describe data spread.
Purpose: This tool is used in statistics to quantify the variability or spread of data, aiding in data analysis for research, finance, and quality control.
The calculator uses the following formulas:
\( \text{Range} = \max - \min \)
\( \text{IQR} = Q_3 - Q_1 \)
\( \text{Quartile Deviation} = \frac{\text{IQR}}{2} \)
\( s^2 = \frac{\sum_{i=1}^n (x_i - \bar{x})^2}{n-1} \quad \text{(Sample Variance)} \)
\( s = \sqrt{s^2} \quad \text{(Sample Standard Deviation)} \)
Where:
Steps:
Dispersion measures are essential for:
Example: Calculate dispersion for the dataset: [4, 7, 2, 8, 7, 10].
Q: What are dispersion measures?
A: Dispersion measures (range, IQR, quartile deviation, variance, standard deviation) quantify the spread or variability of a dataset.
Q: Why use sample variance instead of population variance?
A: Sample variance uses \( n-1 \) to correct for bias when estimating population variance from a sample.
Q: Why does IQR require at least 4 numbers?
A: IQR needs enough data points to define meaningful lower and upper halves for quartile calculations.