Examlex
If equity is $300,000 and liabilities are $192,000, then assets equal:
3rd Quartile
The 3rd quartile, also known as Q3, marks the value below which 75% of the data in a dataset falls, effectively dividing the higher quarter of data from the rest.
Range
The gap between the maximum and minimum figures within a set of data.
Salaries
Regular payments made to employees for their work or services, typically expressed on an annual basis.
Variance
A measure of the dispersion of a set of data points around their mean value, calculated as the average of the squared differences from the mean.
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