A Data Point That Is Far Removed from the Rest

question 13

Short Answer

A data point that is far removed from the rest of the data is called a(n)__________.

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Definitions:

Straight Line Depreciation

An approach to apportioning the expense of a tangible asset through identical yearly charges over its productive life.

Salvage Value

The predicted end-of-life resale worth of an asset after its period of functional utility has ended.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing the decrease in value due to wear and tear over time.

Cost of Goods Sold

The immediate expenses related to the manufacturing of products which a business sells, covering materials and workforce.