This document discusses various measures of dispersion used to quantify how spread out or varied the values in a data set are. It describes absolute and relative measures of dispersion. Absolute measures are expressed in the original data units, while relative measures are dimensionless ratios. Some common measures of dispersion discussed include range, quartile deviation, mean deviation, standard deviation, and variance. The document outlines the properties, calculation methods, merits and limitations of each dispersion measure.