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Apple Computer, Inc. collected information on the age of their customers. The youngest customer was 12 and the oldest was 72. To study the distribution of the age among its customers, it can use a Pareto diagram.
Measure Of Variability
A statistical metric used to describe the spread or dispersion of a set of data points.
Midrange
The midpoint of the range of a set of values, calculated by averaging the maximum and minimum values.
Median
The middle value in a set of data points arranged in ascending or descending order, or the average of the two middle values when there is an even number of data points.
Correlation Coefficient
A numerical measure that indicates the strength and direction of a linear relationship between two variables.
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