30: Variability: Range, Variance, Standard Deviation
VARIABILITY
Variability refers to the spread of the scores within a distribution. Along with the central tendency, it helps in understanding the data set as a whole. There are four major measures of variability:
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- 1. Range
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- Difference between the highest and lowest scores [+1]
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2. Interquartile Range
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- Difference between the 75th and 25th Percentile
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3. Variance
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- The degree of spread within the distribution (the larger the spread, the larger the variance)
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4. Standard Deviation
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- A measure of how the average score deviates or spreads away from the mean (defined as the square root of the variance)