Examlex
Use a figure with intersecting supply and demand curves to explain how a change in consumer incomes affects social welfare.
Box and Whisker Plot
A graphical representation of data that highlights the median, quartiles, and extremes of the dataset.
Five-number Summary
A statistical summary of a data set that includes the minimum, first quartile, median, third quartile, and maximum.
30th Percentile
A value below which 30 percent of the data falls, used to indicate the lower-middle range of a data set.
Interquartile Range
The difference between the 75th and 25th percentiles of a dataset, a measure of statistical dispersion.
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