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A field of mathematics concerning measures, which are functions mapping sets to real numbers that generalize the idea of area and volume. Measure theory underlies modern treatments of probability. Questions about measure theory with a weak connection to probability or statistics may be more suitable for math.stackexchange.com than this site.

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Why do we add an extra decimal place when we calculate the range in statistics?

From Mario Triola's textbook: I understand that we add a decimal place when we calculate the median (it is possible to have (a+b)/2 ). I absolutely do NOT understand why we do that when we round of …
Iaroslav Baranov's user avatar