Identify Potential Outliers, If Any, for the Given Data $\begin{array} { l l l l l } 33 & 42 & 56 & 65 & 66 \end{array}$

question 57

Multiple Choice

Identify potential outliers, if any, for the given data.
-The test scores of 15 students are listed below.
$\begin{array} { l l l l l } 33 & 42 & 56 & 65 & 66 \end{array}$
$\begin{array} { l l l l l } 68 & 71 & 72 & 75 & 77 \end{array}$
$\begin{array} { l l l l l } 78 & 82 & 87 & 90 & 99 \end{array}$

• A)33
• B)33, 42
• C)33, 99
• D)None

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Definitions:

Elastic Demand

A situation in which the quantity demanded of a product or service changes significantly in response to a change in price.

Large Number

A value that is significantly higher than what is considered average or normal, often used in statistical analysis.

Marginal Revenue Curve

A graphical representation showing the extra revenue obtained from selling one more unit of a good or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating an inverse relationship between price and quantity demanded.