0
What else can I help you with?
The mean and standard deviation are usually not used together because of outliers?
false
If outliers are added to a dataset how would the variance and standard deviation change?
They would both increase.
Is absolute mean deviation affected by outliers?
Yes.
Who is statement below is correct concerning outliers?
To accurately assess the correctness of statements concerning outliers, I would need to see the specific statements in question. In general, outliers are data points that differ significantly from the overall pattern of data, and they can influence statistical analyses, such as mean and standard deviation. Identifying outliers is important for understanding data distribution and ensuring the robustness of statistical conclusions.
What does the sample standard deviation best estimate?
The standard deviation of the population. the standard deviation of the population.
The mean and standard deviation are usually not used together because of outliers?
false
If outliers are added to a dataset how would the variance and standard deviation change?
They would both increase.
What is the relation between quartile deviation and standard deviation?
Strictly speaking, none. A quartile deviation is a quick and easy method to get a measure of the spread which takes account of only some of the data. The standard deviation is a detailed measure which uses all the data. Also, because the standard deviation uses all the observations it can be unduly influenced by any outliers in the data. On the other hand, because the quartile deviation ignores the smallest 25% and the largest 25% of of the observations, there are no outliers.
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.
Is absolute mean deviation affected by outliers?
Yes.
What is a good standard deviation for a stock?
A good standard deviation for a stock is typically around 15-20. This indicates moderate volatility in the stock's price movements.
What are the assumptions of standard deviation?
The standard deviation is the standard deviation! Its calculation requires no assumption.
What does the sample standard deviation best estimate?
The standard deviation of the population. the standard deviation of the population.
What is standard deviation of 155.45?
The standard deviation is 0.
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.
If quartile deviation is 24. find mean deviation and standard deviation?
Information is not sufficient to find mean deviation and standard deviation.
What is the relationship between standard deviation and variance?
Standard deviation is the square root of the variance.
