Use the Following Data to Answer the Questions -Does the Data Have an Outlier

question 4

Essay

Use the following data to answer the Questions: $\begin{array} { r r } \underline { X } & \underline { Y } \\66 & 118 \\50 & 99 \\73 & 120 \\69 & 121 \\72 & 123 \\65 & 108 \\62 & 111\end{array}$
-Does the data have an outlier?

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Definitions:

Net Income

The earnings a company retains following the deduction of all costs and taxes from its revenue.

Rent Expense

The cost incurred by a business to use property or equipment for business purposes.

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.

Balance Sheet

A record that presents a summary of a business's assets, liabilities, and shareholders' equity at a given time.