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Why Is the Mean Vulnerable to Outliers While the Median

question 11

Essay

Why is the mean vulnerable to outliers while the median and mode are not?

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Definitions:

Accumulated Depreciation

The total amount of depreciation expenses allocated to a fixed asset since it was put into use, reducing its book value.

Original Cost

The initial purchase price or investment made in acquiring an asset, including any related acquisition costs.

Leasehold

An interest in land or property which is held on a lease.

Lessor

A person or entity that rents out property or equipment to another party, known as the lessee, under the terms of a lease agreement.

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