How do outliers impact measures of variability?
📊📈🔍 Hey guys, let’s talk about measures of variability! 📊📈🔍 When there are extreme values in a data set, measures that are less sensitive to those outliers are preferred. One such measure is the interquartile range (IQR), which looks at the difference between the first and third quartiles and ignores the minimum and maximum values. […]