Measures of spread describe how similar or varied a data set is. Measures of spread include the range, the interquartile range, variance, and deviation.
Summarizing a data set can help us understand the data points, especially when the data set is large. The measures of spread summarize the data set in a way that shows how scattered the values are.
We can divide a data set in half with the median, and then can also divide each half of the data set into quartiles using the upper and lower quartiles, Q_1 and Q_3. The boundaries for the quartiles are called the 5-number summary.
A box plot is a type of data display that shows the 5-number summary and any extreme data points.
The number of fatal accidents from 2000 to 2014 for different airlines are displayed in the box plot:
Identify and interpret the range of the data set.
Identify and interpret the interquartile range of the data set.
Explain what will happen to the range and interquartile range if the extreme value at 24 is removed.