An Outlier That Is Much Larger Than the Remaining Values

question 28

Multiple Choice

An outlier that is much larger than the remaining values in a data set will cause the data set to be

• A)skewed to the left.
• B)skewed to the right.
• C)symmetric.
• D)unskewed.

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Definitions:

Lease Asset

An asset that is acquired under a lease agreement wherein the lessee has the right to use the asset for a specified period.

Lease Liability

An obligation representing future lease payments for the use of assets, recognized on the balance sheet by lessees under new accounting standards.

Capital Lease

A lease agreement that grants a lessee essentially all the risks and rewards of ownership, so it's accounted for on the balance sheet as an asset and liability.

Income Tax Expense

The amount of money a company is required to pay in taxes based on its taxable income, accounted for in the income statement.