BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The range, another measure ofspread, is simply the difference between the largest and smallest data values. The range is the simplest measure of variability to compute. The standard deviation can be an effective tool for teachers. The standarddeviation can be useful in analyzing class room test results.

Detailed explanation-2: -The range tells you the spread of your data from the lowest to the highest value in the distribution. It’s the easiest measure of variability to calculate.

Detailed explanation-3: -The most common measures of variability are the range, the interquartile range (IQR), variance, and standard deviation. The range is the difference between the largest and smallest values in a set of values.

Detailed explanation-4: -Variability is most commonly measured with the following descriptive statistics: Range: the difference between the highest and lowest values. Interquartile range: the range of the middle half of a distribution. Standard deviation: average distance from the mean.

Detailed explanation-5: -The range is the measure of variability or dispersion. The range is a poor measure because it is based on the extreme observations of a data set. The standard deviation is considered as the best measure of the variability.