Basic statistical measures
Let's discuss some basic statistics so that we can utilize some of the statistical functionality provided by the API to the fullest extent. The five basic statistical parameters we may need to understand clearly before proceeding further are:
- Standard deviation
As the name suggests, this implies the least value in a dataset. In our case of the block-level household income, the
minimum statistic indicates the block with the least median household income.
Similar to the
maximum statistic defines the maximum median household income value among all the blocks considered.
Sum is a simple yet effective statistic that gives us the total value of all the data being ...