What Is a Measure of Variation or Dispersion in a Set

question 136

Multiple Choice

What is a measure of variation or dispersion in a set of data?

• A) The interquartile range
• B) Geometric mean rate of return
• C) Standard deviation
• D) Coefficient of variation

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Definitions:

Lower Quartile

A statistical measure indicating the value below which 25% of the observations in a dataset fall.

Yearly Donations

The sum of contributions received within a one-year period, often tracked by charitable or non-profit organizations.

Thousands of Dollars

A unit of measurement used in financial reporting, economic analysis, or budgeting, representing a multiplier of one thousand dollars.

Lower Quartile

Another term for the first quartile, indicating the value below which 25% of the data points in a distribution fall.