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What is the purpose of quartile deviation?
In a data sample, the purpose of quartile deviation is a way to measure data dispersion instead of using the range. The quartile deviation is found by subtracting the lower quartile from the upper quartile, and dividing this result by two.
What is the primary disadvantage of using the range to compare the variability of data sets?
The range is very sensitive to outliers. Indeed if there are outliers then the range will be unrelated to any other elements of the sample.
What are the criteria for choosing measure of central tendency and measure of variation?
Central tendency is measured by using the mean, median and mode of a set of numbers. Variation is measured by using the range, variance and standard deviation of a set of numbers.
What are the disadvantage of exclusive distribution?
Exclusive distribution generally only works for products that have a high price and high profit margin. Using this method focuses on one dealer, which is a major disadvantage.
What are the advantages and disadvantages of using the polygon method?
One of the main advantages of using the polygon method is speed. The main disadvantage to this method is the fact that it cannot adequately represent curved items.
Is a disadvantage of the range as a measure of dispersion a) based on only two observations b) can be distorted by a large mean c) not in the same units as the original data d) has no disadvantage?
A disadvantage of the range as a measure of dispersion is a) based on only two observations. The range is calculated using only the maximum and minimum values of a dataset, which means it does not account for the distribution of the other values. This limited perspective can lead to a misleading representation of the overall variability within the data.
What is a disadvantage of using the range as a measure of variation?
One disadvantage of using the range as a measure of variation is that it only considers the highest and lowest values in a dataset, ignoring the distribution of the other values in between. This can lead to a misleading representation of variability, especially in datasets with outliers or extreme values that can skew the range. Additionally, the range does not provide any information about how data points cluster around the mean or median, making it less informative than other measures like the interquartile range or standard deviation.
What are the advantages and disadvantage of using willingness to pay as a measure value?
ANSWER ??
Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
Outline one advantage and one disadvantage of using Human Development Index figures to measure standards of living?
one disadvantage of using human development index.
What is the purpose of quartile deviation?
In a data sample, the purpose of quartile deviation is a way to measure data dispersion instead of using the range. The quartile deviation is found by subtracting the lower quartile from the upper quartile, and dividing this result by two.
What are the control measures to counter the disadvantage of using a computer?
What are the various Control measures to counter disadvantages of using a computer system?" What are the various Control measures to counter disadvantages of using a computer system?"
What is the primary disadvantage of using the range to compare the variability of data sets?
The range is very sensitive to outliers. Indeed if there are outliers then the range will be unrelated to any other elements of the sample.
What is an advantage of using the range as a measure of variation?
It is simple to calculate.
What is the Disadvantage of using an ammeter and voltmeter to measure resistance?
There will be errors. The error comes from the measured resistance size of the decision.
Which measure of variation is appropriate when using the mean and which is appropriate when using the median?
When using the mean: the variance or standard deviation. When using the median: the range or inter-quartile range.
The advantage and disadvantage of a barometer?
Advantage: A barometer can accurately measure changes in atmospheric pressure, which helps predict changes in the weather. Disadvantage: Barometers require calibration and maintenance to ensure accuracy, and they can be sensitive to factors like temperature and altitude.
