The terms variability and dispersion both refer to the extent to which the values in a distribution are clustered near to each other or are scattered away from each other.

Question

Quizplus · Accepted Answer

Variability and dispersion are both measures of the spread of a distribution. They describe how closely the data points are clustered around the central tendency of the data, and how much they deviate from that central value.

The Terms Variability and Dispersion Both Refer to the Extent