Useful for analyzing data, statistics, and trends.
Helps summarize data sets efficiently.
The middle value in an ordered data set, dividing it into two equal halves. Important for understanding central tendency in skewed data.
Measures data variability and consistency in studies.
Useful for financial planning and understanding loan structures.
Helps in decision-making and understanding likelihood in everyday scenarios.
Helps in decision-making and understanding likelihood in everyday scenarios.