Principles of Finance
A box plot, also known as a box-and-whisker plot, is a graphical representation that displays the distribution of a dataset using five key statistical measures: the minimum value, the first quartile (Q1), the median, the third quartile (Q3), and the maximum value. This visual tool provides a concise summary of the central tendency, spread, and skewness of a dataset, making it particularly useful for understanding and comparing the characteristics of different data distributions.
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