Benefits-Drawbacks

Advantages Or Merits Of Standard DeviationThe main advantages of standard deviation can be expressed as follows: 1. Rigidly Defined Standard deviation is rigidly defined measure and its value is always fixed. 2. Best Measure Standard deviation is based on all the items in the series. So, it is the best measure...

Merits Or Advantages Of Mean DeviationThe main advantages of mean deviation can be highlighted as follows:1. Simple And Easy Mean deviation can be computed easily by using simple formula. It can be easily understood. 2. Easy Comparison Different items of observations can be easily compared with mean deviation. 3....

Advantages/Merits Of Quartile Deviation (Q.D)Major advantages of quartile deviation can be studied as follows: 1. Rigidly Defined Quartile deviation is rigidly defined measure of dispersion. So, its value is always fixed. 2. Easy Calculation It can be computed easily by using following formula: Q.D = (Q3-Q1)/2 (Where,...

Advantages/Merits Of RangeMain advantages of range can be highlighted as follows: 1. Rigidly Defined Range is rigidly defined measure of dispersion. So, it value is always fixed. 2. Simple And Easy Method It does not require special mathematical knowledge to compute range. It can be calculated simply by subtracting...

Merits Or Advantages Of Harmonic MeanSome of the notable advantages of harmonic mean can be expressed as follows: 1. Rigidly Defined Method Value of harmonic mean is always fixed as it is rigidly defined. 2. Appropriate For Rate And Time Harmonic mean is suitable for the computation of average of time, rate and...