Examlex
Suppose Maria is painting while the sun is setting; once she notices that the room is getting darker, she decides to call it quits for the day. This example illustrates the role of
Mean
The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of values.
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.
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