Which of the Following Is True of Outliers in a Data

question 9

Multiple Choice

Which of the following is true of outliers in a data set?

• A)All outliers should be eliminated in order to portray accurate information.
• B)Outliers that are within 1 standard deviation of the mean must be eliminated.
• C)The mean and range are sensitive to outliers in the data.
• D)Outliers do not make any difference in the results obtained from statistical analyses.

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Definitions:

Fixed Costs

Expenses that do not change with the level of goods or services produced by the business, such as rent, salaries, and insurance premiums.

Break-even Point

The point at which total income matches total outgoings, leading to neither a profit nor a loss.

Sales Dollars

This term represents the total revenue generated from the sales of goods or services, expressed in currency units.

Cost Structure

The relative proportion of fixed, variable, and mixed costs in an organization.