Mean -
Mean of the Ungrouped Data
If n observations in data are x1, x2, x3, ……, xn, then arithmetic mean is given by
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Dispersion (Variance and Standard Deviation) -
Variance and Standard Deviation
The mean of the squares of the deviations from the mean is called the variance and is denoted by σ2 (read as sigma square).
Variance is a quantity which leads to a proper measure of dispersion.
The variance of n observations x1 , x2 ,..., xn is given by
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