Examlex
Which of the following measures the changes in the prices of a "market basket" of some 300 goods and services purchased by typical urban consumers?
Descriptive Statistics
Statistical methods that summarize and organize characteristics of data sets, such as mean, median, mode, and range.
Variability
The extent to which data points in a statistical distribution or data set diverge from the average or mean value.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the average.
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