What is the advantage of using a box plot in data analysis?
- Box plots are best suited for displaying time series data.
- Box plots are primarily used for representing categorical data.
- Box plots only work well with small datasets.
- Box plots provide a summary of the data distribution, showing median, quartiles, and potential outliers.
Box plots offer a concise summary of the distribution of a dataset, highlighting key statistics such as the median, quartiles, and potential outliers. This makes them advantageous for quickly understanding the central tendency and spread of the data, especially in large datasets.
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