Can you explain when to use IQR instead of standard deviation?
Sure! IQR, or Interquartile Range, is best used for skewed distributions, while standard deviation is for normal distributions.
Why is IQR better for skewed data?
IQR measures the middle 50% of data, making it less affected by outliers compared to standard deviation.
Can you give an example of when to use each?
Absolutely! Use IQR for income data, which is often skewed, and standard deviation for test scores, which are usually normal.
What are the limitations of using IQR?
IQR doesn't provide information about the overall spread of the data, just the middle range, which can be limiting.
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