#a measure of central tendency like the arithmetic mean, and #a measure of statistical dispersion like the standard deviation. |
#a measure of central tendency like the arithmetic mean #a measure of statistical dispersion like the standard deviation #a measure of the shape of the distribution like skewness or kurtosis |
The Gini coefficent was originally developed to measure income inequality, but can be used for other purposes as well. |
Statisticians commonly try to describe the observations in
There are other alternatives, of course. The median and mode are both measures of central tendency. To describe the statistical dispersion, we can use the statistical range, the interquartile range, or the [absolute deviation]?.
The Gini coefficent was originally developed to measure income inequality, but can be used for other purposes as well.
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