In a Data Set, an Outlier Is a Large or Small

question 57

True/False

In a data set, an outlier is a large or small value regarded as an extreme value in the data set.

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Definitions:

Available Job Openings

The number of job positions that are currently unfilled and available to be applied for by job seekers.

Deflation

A decrease in the general price level of goods and services, often associated with an increase in the value of money.

Disinflation

A decrease in inflation rate, demonstrating a deceleration in how quickly the costs of goods and services increase.

Price Fall

A decline in the cost of goods and services, often indicating a surplus in supply, decreased demand, or broader economic factors.