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In this group of lessons, students will learn about basic descriptive statistics in the context of their class’ financial data. They will use measures of central tendency, scatter plots, and box-and-whisker diagrams to give an overall description of the wealth of the class. While deriving these values, students will learn to identify meaningful versus misleading statistics and gain an initial exposure to some commonly used economic indicators for describing economies (GDP, GDP per capita, etc.). They will also be introduced to the concept of distribution of data and learn to identify normal and skewed distributions.
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