Examlex
Explain what a knowledge worker should know to understand the role of information in generating and using business intelligence.
1.5*IQR
A statistical calculation used to identify outliers. It involves multiplying the interquartile range (IQR) by 1.5 and applying this value above the upper quartile and below the lower quartile.
3*IQR
A statistical range calculated as three times the interquartile range (IQR), used to identify outliers by delineating the boundaries beyond which data points are considered exceptional.
Statistically Significant
A determination that the results observed in data are unlikely to have occurred by chance alone, according to a predefined significance level.
Box-and-Whisker Plot
A type of chart that displays the distribution of data based on quartiles, highlighting the median, and extremes.
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