An Extreme Value (Either Very High or Very Low) in a Distribution

question 4

Multiple Choice

An extreme value (either very high or very low) in a distribution of scores that can distort the mean and the range is called a(n) __________.

• A) Standard deviation
• B) Median
• C) Outlier
• D) Variable

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Definitions:

Private Costs

Costs that are directly borne by the individuals or organizations engaging in an economic activity, excluding external effects.

Intangible Benefits

Advantages or benefits of a product, service, or project that are not easily quantified in monetary terms, such as brand recognition or customer loyalty.

Environmental Sustainability

The responsible interaction with the environment to avoid depletion or degradation of natural resources, ensuring long-term ecological balance.

Stakeholders

Individuals or groups with an interest or stake in the outcome of a project, business, or initiative, such as employees, customers, investors, and suppliers.