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Q: What is the Extreme high or low values in a data set which affect the mean?
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When computing Standard deviation should you eliminate the extreme values?

Generally not without further reason. Extreme values are often called outliers. Eliminating unusually high values will lower the standard deviation. You may want to calculate standard deviations with and without the extreme values to identify their impact on calculations. See related link for additional discussion.


What are the advantages and disadvantages of Range mode median and inter quartile range?

RangeAdvantage - Shows the spread of the resultsDisadvantage - Does not take into account any 'clustering' of results in a set of data.- It is affected strongly by outliers (very high or very low results).ModeAdvantage - Shows the most popular result for non-numerical dataDisadvantage - Does not always give one value, it is not unique- It can only be used on a set of data where one or more values are repeated.MedianAdvantage - Extreme values do not affect the median as strongly as they do the mean- Useful when comparing sets of data- It is uniqueDisadvantage - It does not take into account the spread of results or show clustering of data, much like the range.Interquartile RangeAdvantages - Ignores extreme values- easier to use than the range when comparing data.Disadvantages - Er, I'll get back to you on that. Maybe the IQR has no flaws?


What if I have a very high standard deviation?

The larger the value of the standard deviation, the more the data values are scattered and the less accurate any results are likely to be.


Where do you use the quadratic formula in life?

I've used the quadratic formula in tuning software in High Performance automobiles. I had to input data into excel, then the program shot out the values in the quad for the tuning software to decipher what the voltage values of the input corresponded to AFR value (the values I put in). It was quite accurate. That's the only cool and practical application I have found so far in my line of work.


How relatively high interest rates affect currency values?

What is important is not high interest rates but high real interest rates: that is, interest rates adjusted for inflation.If a currency has high real interest rates, foreign investors will want to buy into that currency. The increased demand will push up the price of that currency relative to other currencies and so its exchange rate will "improve".

Related questions

Do extremely high or low scores affect the value of the median?

No, extremely high or low values will not affect the median. Because the median is the middle number of a series of numbers arranged from low to high, extreme values would only serve as the end markers of the values.


What is called when extreme conditions like high temperature and extreme Ph values change the shape of an enzyme?

Danze16


What are extremely high or low values in a data set called?

Values that are either extremely high or low in a data set are called 'outliers'. They are typically 3 standard deviations or more from the mean.


Extremely high or low values in a data set are called?

Outlier


What are the advantages and disadvantages of Range mode median and inter quartile range?

RangeAdvantage - Shows the spread of the resultsDisadvantage - Does not take into account any 'clustering' of results in a set of data.- It is affected strongly by outliers (very high or very low results).ModeAdvantage - Shows the most popular result for non-numerical dataDisadvantage - Does not always give one value, it is not unique- It can only be used on a set of data where one or more values are repeated.MedianAdvantage - Extreme values do not affect the median as strongly as they do the mean- Useful when comparing sets of data- It is uniqueDisadvantage - It does not take into account the spread of results or show clustering of data, much like the range.Interquartile RangeAdvantages - Ignores extreme values- easier to use than the range when comparing data.Disadvantages - Er, I'll get back to you on that. Maybe the IQR has no flaws?


When computing Standard deviation should you eliminate the extreme values?

Generally not without further reason. Extreme values are often called outliers. Eliminating unusually high values will lower the standard deviation. You may want to calculate standard deviations with and without the extreme values to identify their impact on calculations. See related link for additional discussion.


What is the criticized of high low method?

It ignores much of the available data by concentrating on only the extreme points.


Which of the following is least affected if an extreme high outlier is added to your data mean median or standard deviation or ALL?

The median is least affected by an extreme outlier. Mean and standard deviation ARE affected by extreme outliers.


What are extreme values?

There really isn't a rigorous definition, except that they are beyond the usual range of the data. To some it may be a value (or range of values) that could occur 1:50 times, to others it might be 1:1000 or 1:10000 times. It may be a very high number or a very low number, but it must be a number whose occurrence is rare.


What if I have a very high standard deviation?

The larger the value of the standard deviation, the more the data values are scattered and the less accurate any results are likely to be.


How does the extreme temperature sensitivity of the cno cycle affect the structure of stars?

It affects the internal structure of main-sequence stars because they have very high central temperatures for the extreme temperature sensitivity of the CNO cycle to fuse hydrogen into helium.


Is the mode affected by extremely low or high values?

No, extremely low or high values are affected by the mean.