Examlex
A high inflation rate will
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.
Whiskers
In a box plot, the lines that extend from the upper and lower quartiles to the maximum and minimum values, respectively, indicating variability outside the upper and lower quartiles.
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