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Measures of Dispersion — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMeasures of Dispersion3 Marks
Question
Name the graphic method of measuring dispersion. Write its three demerits.
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Answer

The graphic method called “Lorenz Curve” is used for estimating dispersion. The three demerits of Lorenz Curve are:
  1. It is very difficult to understand.
  2. It gives us a relative idea of the dispersion.
  3. It does not provide any numerical value of the variation.

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