Examlex
The four-firm concentration ratio is the percentage of the total ________ accounted for by the four largest firms in the industry.
Median
The median is the middle value in a list of numbers sorted in ascending or descending order, splitting the dataset into two halves.
Standard Deviation
A statistic that measures the dispersion or variance in a set of values, indicating how spread out the numbers are from the average.
Range
The difference between the highest and lowest values in a set of data, indicating the dataset's dispersion.
Median
The middle value in a set of numbers, which separates the higher half from the lower half of the data set.
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