Variance
- Position of each observation relative to the mean of the set.
- Measures the amount of spread or variability of observation from mean
- Useful statistic in certain high level of statistical procedure
standard deviation
- a measure of how spread out numbers are
- Square root of variance
- Widely used and better measure of variability
- Smaller value of standard deviation, the closer to the mean
- Sensitive to extreme value
Range
- difference between the lowest and highest values
- Tends to increase with sample size
- Sensitive to very extreme values
By : Fatin Farhana binti Marzuki
References
Retrieved on April 21,
2017 https://www.mathsisfun.com/data/standard-deviation-
formulas.html
Retrieved on April 21,
2017 http://www.sciencebuddies.org/science-
fairprojects/project_data_analysis_variance_
std_deviation.shtml
Retrieved on April 21,
2017 https://www.mathsisfun.com/data/range.html
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