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Statistical Methods in Economics
Notes 6.6 Review Questions
1. Explain with example the term ‘Dispersion’. Give its definition and discuss the characteristics of
dispersion.
2. What are the uses of ‘range’ as a method of measuring dispersion ? Give its advantages and
disadvantages.
3. Give the merits and demerits of quartile deviation. What is the third movement of dispersion?
4. Define Percentile. Discuss the application of Percentile.
Answers: Self-Assessment
1. (i)F (ii)F (iii)T (iv)F
6.7 Further Readings
1. Elementary Statistical Methods; SP. Gupta, Sultan Chand & Sons,
New Delhi - 110002.
2. Statistical Methods — An Introductory Text; Jyoti Prasad Medhi, New Age
International Publishers, New Delhi - 110002.
3. Statistics; E. Narayanan Nadar, PHI Learning Private Limied, New Delhi - 110012.
4. Quantitative Methods—Theory and Applications; J.K. Sharma, Macmillan
Publishers India Ltd., New Delhi - 110002.
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