📖 generic · 12th TN - English Medium · ECONOMICS · Page 269question

Standard Deviation (σ)

Chapter 14: Front Matter · ECONOMICS

Standard Deviation (σ) The measures of central tendency serve to locate the center of the distribution, but they do not reveal how the items are spread out on either side of the center. This characteristic of a frequency distribution is commonly referred to as dispersion. The degree of variation is evaluated by various measures of dispersion. There are two kinds of measures of dispersion, namely .

Absolute measure of dispersion . Relative measure of dispersion Absolute measure of dispersion indicates the amount of variation in a set of values in terms of units of observations. Relative measures of dispersion are free from the units of measurements of the observations. They are pure numbers.

They are used to compare the variation in two or more sets, which are having different units of measurements of observations. Standard Deviation is one of the methods of Absolute measure of dispersion. Karl Pearson introduced the concept of standard deviation in . Standard deviation is also called Root- Mean Square Deviation.

The reason is The mean of a variable is defined as the sum of the observations divided by the number of observations. If the variable x assumes n values x , x … x n then the mean, , is given by summing of all x values divided by the number of x values. This formula is for ungrouped or raw data. Example : Calculate the mean for given data , , , , .

Direct Method Where ∑ X = Sum of values N = No. of items Solution: Short- cut method: The formula for finding mean, Where A= the assumed mean or any value of X d = deviations of each value from assumed mean. Example : A student’s marks in subjects are , , , ,and . Find his average mark.

Solution: X d = X - A → A - Total X̅ = X +X +X +X +⋯+X n = ∑ n i = X i , n n X̅ = ∑ X n X̅ = + + + + = =

Related topics

Have a question about this topic?

Get an AI answer grounded in your actual textbook — with the exact page reference.

Ask AI about this topic →