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Earn +20 ptsQ: What is a measure of the spread of a set of data?
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What are the advantages of Range of data?
It is a very easily calculated measure of the spread of data.
What does interquartile range do?
It is a measure of the spread of a set of observations. It is easy to calculate and is not distorted by extreme values (or mistakes). On the other hand it does not use all of the information contained in the data set.
HOW are quartiles helpful in describing data?
They are a simple measure of the spread of the data, which is not affected by extreme values.
What is standard deviation used for?
Standard deviation is a measure of the spread of data.
What is the usefulness of quartiles in business?
It is a simple but crude measure of the spread of data.
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