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Here Are Some Summary Statistics for All of the Runners  time =121\text { time } = 121

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Here are some summary statistics for all of the runners in a local 12 kilometre race: slowest  time =121\text { time } = 121 minutes  mean =76\text { mean } = 76 minutes  median =76\text { median } = 76 minutes  range =91\text { range } = 91 minutes IQR=57\mathrm { IQR } = 57 Q1=30\mathrm { Q } 1 = 30 standard  deviation =13\text { deviation } = 13 minutes
Between what two values are the middle 50% of times?


Definitions:

Group Bonuses

Financial incentives given to a group of employees based on collective performance metrics or achievements.

Performance Measures

Metrics or standards used to assess and evaluate the effectiveness and efficiency of an individual's or organization's performance.

Organizational Performance

An evaluation of how well an organization is achieving its goals and objectives.

Competitive

The state or quality of being able to compete successfully with others, often by being more efficient, innovative, or providing better value.

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