Examlex
Complete the following using the terms listed below:
-_____ is a market structure characterized by a large number of buyers and sellers exchanging relatively homogenous products, with no single participant having a significant influence on price.
Range
The difference between the highest and lowest values in a dataset.
Median
The middle value in a data set when it is organized in ascending or descending order, or the average of the two middle values if the set has an even number of observations.
IQR
IQR, or Interquartile Range, is a measure of statistical variability, which is calculated as the difference between the 25th (first quartile) and the 75th percentile (third quartile) values in a data set, showing the spread of the middle 50% of the data.
Range
The gap between the maximum and minimum figures within a dataset.
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