Which of the Following Descriptive Statistics Is Least Affected by Outliers

question 230

Multiple Choice

Which of the following descriptive statistics is least affected by outliers?

• A)mean
• B)median
• C)range
• D)standard deviation

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Definitions:

Extraordinary Repairs

Infrequent expenditures that extend an asset’s life (such as a new engine in a car).

Betterments

Improvements that increase the efficiency of an asset by adding accessories or replacing parts with more effective/powerful ones.

Revenue Expenditures

Expenses incurred during the normal operation of a business that are expected to be consumed within the same accounting period.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.