Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Some possible reasons why someone might choose to report on the interquartile range over the range include: 1. The interquartile range provides a more robust

Some possible reasons why someone might choose to report on the interquartile range over the range include: 1. The interquartile range provides a more robust measure of the variability in a dataset compared to the range, as it is based on the middle 50% of the data rather than all of the data. 2. The interquartile range is less sensitive to extreme values or outliers in the data, making it a more reliable measure of variability in some cases. 3. The interquartile range may be more appropriate for skewed or non-normally distributed data where the range may not accurately represent the spread of values. 4. The interquartile range can help identify the presence of outliers or extreme values by focusing on the central portion of the data distribution

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Business Analytics

Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

2nd edition

1305627733, 978-1305861817, 1305861817, 978-0357688960, 978-1305627734

More Books

Students also viewed these Mathematics questions