Question: Distinguish between absolute and relative measures of dispersion?
Absolute measures of dispersion are numerical values that indicate the amount of variation or spread in a data set. They do not depend on the unit of measurement or the location of the data. Examples of absolute measures of dispersion are range, variance, and standard deviation.
Relative measures of dispersion are ratios or percentages that compare the amount of variation or spread in a data set to a reference value, such as the mean or median. They do not have any unit of measurement and they can be used to compare data sets with different units or scales. Examples of relative measures of dispersion are coefficient of variation, interquartile range, and quartile deviation.
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