Examlex
Assume the following facts related to a land purchase:
Range
The difference between the highest and lowest scores in a data set, reflecting the spread or dispersion of the scores.
Mean Deviation
The average of absolute differences between each value in a set and the mean of the set, indicating the dataset's dispersion.
Variability
The degree to which data points in a statistical distribution or data set differ from each other and from the mean.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, indicating how much the individual data points differ from the mean.
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