Examlex
Suppose the price of burgers increases from $2 to $3 each. The degree to which quantity demanded responds to this price increase depends on the
Median
The middle value in a sorted list of numbers, effectively dividing the dataset into two halves.
Skewed
Describes a distribution of data that is not symmetrical, where one tail is longer or fatter than the other.
Standard Deviation
An indicator of how spread out or scattered a collection of numbers is, showing the degree to which these numbers differ from their average value.
Variability
The extent to which data points in a statistical distribution or dataset differ from the average or mean value.
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