variability in data

How to Measure Variability?

Several statistical measures are used to quantify variability:
1. Standard Deviation: Indicates the degree of dispersion from the mean.
2. Variance: The square of the standard deviation, providing a measure of the spread.
3. Interquartile Range (IQR): Measures the spread of the middle 50% of the data.
4. Coefficient of Variation (CV): The ratio of the standard deviation to the mean, useful for comparing variability between datasets with different units or means.

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