At least \(1 - \frac{1}{k^2}\) of data lies within k standard deviations of the mean, for k > 1.
What is the coefficient of variation (CV)?
CV expresses standard deviation as a percent of the mean: Population CV = \(\frac{\sigma}{\mu} \times 100\%\), Sample CV = \(\frac{s}{\bar{x}} \times 100\%\).
What are quartiles?
Values dividing ordered data into four equal parts: Q1 (25%), Q2 (median, 50%), Q3 (75%).
How is the interquartile range (IQR) calculated?
IQR = Q3 − Q1, measuring the range of the middle 50% of data.
How do you identify outliers using IQR?
Outliers are data points less than Q1 − 1.5(IQR) or greater than Q3 + 1.5(IQR).
What is a box-and-whisker plot?
A graph showing minimum, Q1, median (Q2), Q3, and maximum to highlight data distribution.
How is a percentile calculated for a data entry x?
Percentile = (Number of data entries less than x ÷ Total number of entries) × 100, rounded to nearest whole number.
What is a z-score?
The number of standard deviations a value x is from the mean: \(z = \frac{x - \mu}{\sigma}\).