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

question 42

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:

Selling Price

The purchase price is the sum a consumer spends to obtain goods or services from a vendor.

Markdown

A reduction from the original or list price of a product or service to increase its attractiveness to buyers.

Motorcycle

A two-wheeled motor vehicle that is faster and more fuel-efficient than a car, used for transportation, recreation, and sports.

Machinery

Machinery encompasses machines and their components, which are used in industry or manufacturing to perform tasks, including vehicles, equipment, and factory machines.