Having Obtained a Scatterplot to Inspect the Data, You Suspect

question 18

Multiple Choice

Having obtained a scatterplot to inspect the data, you suspect that the results for participants 4 and 17 are outliers. What should you do?

• A) Remove the cases so that the model is more representative of the majority of observations.
• B) Perform a series of diagnostic tests on the data such as Cook's distance or Mahalanobis distance.
• C) Leave the data points in and incorporate the Fick reducer variable.
• D) Rerun the analysis without the observations in to see how the regression model is affected.

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Definitions:

Product Launch

Completing all the final preparations for making the fully tested product available to the market.

Idea Generation

The creative process of generating new concepts, solutions, or approaches, often as a preliminary step in problem-solving or innovation.

Business Analysis

The process of analyzing a new product to determine its profitability.

SWOT Analysis

A tool for strategic planning that helps determine the Strengths, Weaknesses, Opportunities, and Threats connected to competing in business or planning projects.