General Knowledge · Statistical Measures
Which of the following statements about measures of dispersion is FALSE?
- 1A good measure of dispersion should ideally be based on all the observations of the dataset.
- 2Comparison of the variability of two sets of data with different units can only be done by relative measures of dispersion.
- 3Variability itself can sometimes be explicitly used for decision making.
- 4The only purpose of measuring dispersion is to assess the reliability of an average.✓
Correct answer
The only purpose of measuring dispersion is to assess the reliability of an average.
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