Data on the amount of money made in a year by 1000 families in a small town were collected.
You want to know the difference in the amount of money made in that year by the middle 50% of
The 1,000 families.Which of the following would you compute?
A) Arithmetic mean.
B) Median.
C) Interquartile Range.
D) Coefficient of correlation.

Question

Quizplus · Accepted Answer

The interquartile range (IQR) measures the difference between the 75th percentile (Q3) and the 25th percentile (Q1), effectively capturing the range of the middle 50% of the data.

Data on the Amount of Money Made in a Year