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Question

Out of Range, Quartile Deviation, Mean Deviation and Standard Deviation, which one suits the best in terms of following Parameters:

(i) Ease of Calculation

(ii) Based on all the items

(iii) Less effect of Extreme Items

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Solution

(i) Range is the easiest to calculate.

(ii) Both Mean Deviation and Standard Deviation are based on all the items of the series.

(iii) Mean Deviation is less affected by extreme values.


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