A Data Point That Is Outside the Normal Distribution of Data

question 15

Multiple Choice

A data point that is outside the normal distribution of data is called an "outlier," which is often removed from the data before analysis because it:

• A) Leads to unbiased calculations.
• B) Can distort the results of the data analysis.
• C) Has an upward bias on the statistical measures in regression.
• D) Will always add bias to the results of a high-low analysis.

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Definitions:

Economic Census

A comprehensive survey of an economy's commercial entities, providing detailed information on business activities, employment, and production.

External Secondary

External secondary data refers to information collected by someone other than the user, commonly used in research for additional context or validation.

Nielsen Television Index

A measurement service that provides data and insights regarding television viewing patterns.

Syndicated Panels

Syndicated panels are groups of people or organizations that are repeatedly surveyed or measured over time for market research purposes, and their data is collected, analyzed, and sold by a third party to multiple firms.