Having Obtained a Scatterplot to Inspect the Data, You Suspect

question 18

Multiple Choice

Having obtained a scatterplot to inspect the data, you suspect that the results for participants 4 and 17 are outliers. What should you do?

• A) Remove the cases so that the model is more representative of the majority of observations.
• B) Perform a series of diagnostic tests on the data such as Cook's distance or Mahalanobis distance.
• C) Leave the data points in and incorporate the Fick reducer variable.
• D) Rerun the analysis without the observations in to see how the regression model is affected.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring transparency, accountability, and efficiency to financial markets around the world.

Government Organizations

Entities established by a government to carry out specific functions, policies, or objectives within a regulatory or administrative framework.

Redistribute Wealth

The transfer of wealth from certain individuals or groups to others to achieve economic balance and social equity, often through taxation and welfare policies.

Government

The organization, machinery, or agency through which a political unit exercises authority and performs functions and which is usually classified according to the distribution of power within it.