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Measures of Spread Spread, dispersion and variation all refer to a measure of the way a data set is distributed around a central value. Ways to Measure Spread 1. Range: the difference between the max and min values. 2. Quartiles: The 3 median values that divide the data into 4 equal parts. 3. Interquartile Range: the difference between the first and third quartiles. Contains the middle 50% of the data. 4. Variance: measure of dispersion that is found by averaging the squares of the deviation (distance from the mean) of each piece of data Calculating Variance: 2 x x n 2 5. Standard Deviation: the square root of the variance Calculation: x x n 2 What do these measures tell us about the data? Quartiles and Interquartile Range: tell us how spread out the middle 50% of the data is Helps in constructing a box plot Variance: how the elements are spread around the mean. large variance means the data is widely spread around the mean. Standard Deviation: The standard deviation is in the same 'scale' as the mean is. The makes these two indicators 'comparable'. how the elements are spread around the mean. large variance means the data is widely spread around the mean.