Which of the Following Would Be Considered a Definition of an Outlier

question 4

Multiple Choice

Which of the following would be considered a definition of an outlier?

• A)An extreme value for one or more variables
• B)A value whose residual is abnormally large in magnitude
• C)Values for individual explanatory variables that fall outside the general pattern of the other observations
• D)All of these choices

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Definitions:

Discharged Duty

The completion or fulfilment of a legal or moral obligation, relieving the individual or entity from further responsibilities.

Express Condition

A stipulation in a contract that explicitly outlines a requirement or condition that must be met for the contract's terms to be fulfilled or action to take place.

Implied-in-Fact

A type of contract formed by the conduct of the parties involved, rather than written or spoken words.

Implied-in-Law

A term or condition not expressly stated but inferred by the nature of the transaction or the parties' conduct, as recognized by law.