This document discusses measures of dispersion, which describe how widely or narrowly values are spread around the mean or median. It defines dispersion and explains that measures can be either absolute, measuring the amount of variation, or relative, measuring the degree of variation. Common measures discussed include range, standard deviation, and standard error. Standard deviation is presented as the most important absolute measure, calculated as the square root of the mean of squared deviations from the mean. Standard error measures variation between sample means. Examples are provided to demonstrate calculating different dispersion measures.