Why is it important in a report to explain how you dealt with an outlier?
Answer to relevant QuestionsWhat kinds of trouble do outliers cause? Consider the 20,000 median household income values in the donations database (available at the companion site). These represent the median household income for the neighborhood of each potential donor in the database. a. ...Consider the net income as reported by selected firms in Table 3.9.9. a. Construct a histogram. b. Describe the distribution shape. Consider the salaries (in thousands of dollars) of a group of business executives: a. Construct a histogram of this data set. b. Describe the distribution shape. c. Based on the histogram, what values appear to have been ...Consider the yields (as an interest rate, in percent per year) of municipal bonds, as shown in Table 3.9.1. a. Construct a histogram of this data set. b. Based on the histogram, what values appear to be typical for this ...
Post your question