Asked by Garrett Wynne on May 23, 2024
Verified
Which method is used to measure dispersion of salary data across employers?
A) percentiles
B) weighted mean
C) simple mean
D) median
Dispersion
In statistics, the measure of how spread out numbers are in a dataset, indicating variability.
Weighted Mean
A mathematical average where some elements of the data set carry more significance, or weight, than others in the calculation.
Percentiles
A statistical measure indicating the value below which a given percentage of observations fall in a dataset.
- Differentiate between methods used to measure dispersion of salary data.
Verified Answer
SC
Swadeep ChaturvediMay 26, 2024
Final Answer :
A
Explanation :
Percentiles can provide information about the dispersion of salary data across employers by showing the distribution of salaries based on certain intervals or cut-off points. The higher the range of percentiles, the more dispersion there is in the data.
Learning Objectives
- Differentiate between methods used to measure dispersion of salary data.
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