I an Outlier Is a Data Point That Always Occurs

question 177

Multiple Choice

i. An outlier is a data point that always occurs in the first quartile.
ii. A student scored in the 85 percentile on a standardized test. This means that the student scored
Higher than 85% of the rest of the students taking the test.
iii. The interquartile range is the difference between the values of the first and third quartile,
Indicating the range of the middle fifty percent of the observations.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and, (ii) are correct statements but not (iii).
• C) (i) and, (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

---

Definitions:

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specified time.

Capital Gain

The profit from the sale of a capital asset for more than its purchase price.

Strike Price

The fixed price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.

Call Options

Financial contracts that give the buyer the right, but not the obligation, to buy an underlying asset at a specified price within a certain time period.