Examlex
Directions: Choose the best answer based on the information you read in Chapter 3. Which of the following parts of a textbook can be found near the beginning?
Mean Income
The average income calculated by dividing the total income of a group by the number of individuals or households in that group.
Statistic
A numerical measure that describes some characteristic of a sample, such as its mean or variance, used for making inferences about a population.
Interquartile Range
A measure of statistical variability, representing the difference between the 75th (upper quartile) and 25th (lower quartile) percentiles.
Variance
A gauge for the extent of dispersion in a collection of data, derived by the average of squared differences relative to the mean.
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