Applied Statistics - 2.3 - Measures of Spread Flashcards by Anduen Tahiri-Mehmeti

Q

Interpolation

A

Estimating a value within the range of known data points.

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Q

Extrapolation

A

Estimating a value beyond the known range of data points.

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Q

Definition, Drawback

Range

A

The difference between the largest and smallest values in the data set
Can be affected by extreme values

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Q

Definition, Drawback

Interquartile range

A

The difference between the upper quartile and the lower quartile, Q₃ - Q₁
Only considers the spread of the middle 50% of data

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Q

Interpercentile range

A

The difference between the values of two given percentiles

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