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Q: A: ### Quick Answer

**One of the greatest disadvantages of using range as a method of dispersion is that range is sensitive to outliers in the data.** Range only considers the smallest and largest data elements in the set.

If outliers exist in a set of data such that the lowest or highest extremes are far away from almost every other data element in the set, then range may not be the best way to measure dispersion. For example, if one were to measure a student's consistency on quizzes, and he scored {40, 90, 91, 93, 95, 100} on six different quizzes, the range would be 60 points, marking considerable inconsistency. However, five of the six quizzes show consistency in the student's performance, achieving within 10 points of each other on all of these.

Using other methods of dispersion, such as measuring the interquartile range, the difference between the 25th and 75th percentile, provide a better representation of dispersion in cases where outliers are involved. Standard deviation and average deviation are also commonly used methods to determine the dispersion of data.

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## What are some examples of descriptive statistics?

A:Descriptive statistics are statistics that describe the central tendency of the data, such as mean, median and mode averages. Variance in data, also known as a dispersion of the set of values, is another example of a descriptive statistics. Greater variance occurs when scores are more spread out from the mean. Descriptive statistics summarize data.

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## What are the advantages of parametric statistics?

A:Parametric statistics makes it easier to analyze and describe data with central tendencies and data transformations, according to University of Leicester. The use of parametric statistics versus nonparametric statistics depends on the type of data.

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## What is the importance of standard deviation?

A:Standard deviation is a measure of variation in data. It allows comparison between two or more sets of data to determine if their averages are truly different. For example, if the average salaries in two companies are $90,000 and $70,000 with a standard deviation of $20,000, the difference in average salaries between the two companies is not statistically significant.

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## What are the components of a statistical table?

A:A statistical table contains several components designed to illustrate the data, including a title for the table, the table number, the heading and subheadings, the table body, the table spanner, dividers and table notes. Tables are used to display data obtained from an experiment and are often included in lab reports or research papers and presentations.

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