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What is the use of median?
It is a statistical measure that helps you understand the sample/population data.
What are the advantages of Range of data?
It is a very easily calculated measure of the spread of data.
Can you use the mean to answer a statistical question explain?
You can use the mean to answer some statistical questions: it is a measure of the central tendency of a set of data. However, it is no good in identifying the maximum value of a set of data, for example.
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 the usefulness of quartiles in business?
It is a simple but crude measure of the spread of data.
What is the use of median?
It is a statistical measure that helps you understand the sample/population data.
What does the IQR tell you about a data set?
It gives a measure of the spread of the data.
What are the advantages of Range of data?
It is a very easily calculated measure of the spread of data.
What measure tells something about the distribution of a data set?
range
What does mean deviation tells us about the data?
It is a measure of how variable the data is. The average distance from the average.
Can you use the mean to answer a statistical question explain?
You can use the mean to answer some statistical questions: it is a measure of the central tendency of a set of data. However, it is no good in identifying the maximum value of a set of data, for example.
What is meant by the standard deviation of a data set?
It is a measure of the spread of the data around its mean value.
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 the usefulness of quartiles in business?
It is a simple but crude measure of the spread of data.
What is standard deviation used for?
Standard deviation is a measure of the spread of data.
What does the mean absolute deviation tell you about a set of data?
It is a measure of the spread or dispersion of the data.
Why is calculating the standard deviation an important part of data analysis?
It is a measure of the spread of the results around their expected value.It is a measure of the spread of the results around their expected value.It is a measure of the spread of the results around their expected value.It is a measure of the spread of the results around their expected value.
