Uses of range - measure of dispersion, Operation Research

Assignment Help:

Uses of Range

a.Range is suitable  measure  of dispersion  when the  data are too  scattered to justify the  computation of a more precise  measure of dispersion.

b.In recent  years  range   has got  a special  application in  the quality control  techniques. There are  two reason for this .

1.It is easy  to calculate and simple to understand.

2.Range  is rather  good basis for estimating the standard  deviation if  the sample  is small  and the  population  is through to be  nearly normal.

c. It is very useful  measure to  study  fluctuation  of data. For  example  variation in weather forecasts   movements in the  prices  of shares etc.

 

 


Related Discussions:- Uses of range - measure of dispersion

Merits - correlation regression analysis , Merits a.It is simple  to ...

Merits a.It is simple  to understand  and easy  to calculate. b.It is very  useful  in the  case of data which  are of  qualitative nature  like  intelligence  honesty  be

Production and operations management., layout of any retailer shop and the ...

layout of any retailer shop and the reasons for the layout

Big M mehod, source code in c available?

source code in c available?

Why two regression lines - correlation regression analysis, Why Two regress...

Why Two regression Lines Once regression line  cannot  minimize the sum  of square of deviations  for both  the x and Y series  unless the relationship  between  them  indicat

Linear programming, A paper mill produces two grades of paper viz., X and Y...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

SMU 2nd Semester, A paper mill produces two grades of paper viz., X and Y. ...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Linear programing problems, basic requirements for solving linear programin...

basic requirements for solving linear programing using simplex method

project management , Project Management Your  data need to be orga...

Project Management Your  data need to be organized in such  a way that  access to them  is both  quick  and accurate. In  achieving  this a good qualitative analysis progra

Methodology of operation research, The systematic methodology developed f...

The systematic methodology developed for an operation research study with problems involving conflicting multiple objective policies and alternatives. Operation research in

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd