Examlex
Which of the following activities does not fit within the scope of retailing?
Variance
A measure of the spread or dispersion of a set of data points, indicating how much the data varies from the average of that set.
Outliers
Observations in a dataset that significantly differ from the other data points, often indicating variability or errors.
1.5*IQR
A statistical calculation used to identify outliers. It involves multiplying the interquartile range (IQR) by 1.5 and applying this value above the upper quartile and below the lower quartile.
3*IQR
A statistical range calculated as three times the interquartile range (IQR), used to identify outliers by delineating the boundaries beyond which data points are considered exceptional.
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