An Extreme Value That Lies Far Outside of the Normal

question 59

True/False

An extreme value that lies far outside of the normal range of most of the data in a distribution (either as a very high score or as a very low score) is called an anomaly.

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Definitions:

Strategic Alliance

A collaborative relationship between independent firms, though the partnering firms do not create an equity partnership; that is, they do not invest in one another.

Globally-Based Opportunity

A chance or prospect for business, investment, or collaboration that is available on an international scale.

Mutual Benefit

A situation or agreement where all parties involved gain advantages or profits, often used in contexts of partnerships or cooperative arrangements.

Strategic Alliance

A formal agreement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations.