Examlex
Jim is considered a part of the upper middle class, while Marcos is considered part of the lower upper class. Jim and Marcos have been identified in terms of ________.
Statistic
A characteristic or measure obtained from a sample of data, used to estimate the value of a population parameter.
Variance
A measure of how spread out a set of data is, calculated as the average of the squared differences from the Mean.
Variance
A statistical measure that tells us how dispersed or spread out the values in a dataset are around the mean.
Outliers
Data points that are significantly different from the majority of points in a data set, which could indicate a measurement error or a novelty within the data.
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