You Have Income Data for Your Entire Customer Database

question 9

Multiple Choice

You have income data for your entire customer database. Some of your clients are far wealthier than others. Which of the following do outliers least affect?

• A) The range
• B) The mean
• C) The median
• D) The standard deviation

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Definitions:

GREs

The Graduate Record Examinations, a standardized test that is an admissions requirement for many graduate schools in the United States and other countries.

Graduate School

An advanced academic institution that offers post-graduate education and research opportunities in specialized fields.

Predictive Validity

The extent to which a test accurately forecasts or predicts the future performance or behavior of individuals on related tasks.

Criterion-related Validity

The extent to which a measure is related to an outcome or criterion, indicating the utility of the test for predicting performance or behavior.