The document discusses various measures used to describe the dispersion or variability in a data set. It defines dispersion as the extent to which values in a distribution differ from the average. Several measures of dispersion are described, including range, interquartile range, mean deviation, and standard deviation. The document also discusses measures of relative standing like percentiles and quartiles, and how they can locate the position of observations within a data set. The learning objectives are to understand how to describe variability, compare distributions, describe relative standing, and understand the shape of distributions using these measures.