Ask Question
BusinessBusiness
31 December, 11:49

Consider the four outliers in the 2012 revenue dа ta: companies with revenue of $237 billion, $246 billion, $447 billion, and $453 billion. If we removed these companies from the data set, what would happen to the standard deviation?

a. The standard deviation would remain the same.

b. The standard deviation would increase.

c. The standard deviation would decrease.

+3
Answers (1)
  1. 31 December, 12:14
    0
    C) The standard deviation would decrease.

    Explanation:

    In statistics, an outlier a value that is significantly different to other observed values, it can be either too high or too low.

    Since the standard deviation is affected heavily by any outlier, if you remove all of them, then the standard deviation would shrink.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Consider the four outliers in the 2012 revenue dа ta: companies with revenue of $237 billion, $246 billion, $447 billion, and $453 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor (s) from the tables provided.) : Future Amount i = n = Present Value 1. $21000 6% 12 2.
Answers (1)
Blue Corporation incurred the following expenses in connection with the development of a new product: Salaries $100,000 Utilities 18,000 Materials 25,000 Advertising 5,000 Market survey 3,000 Depreciation on machine 9,000 Blue expects to begin
Answers (1)
Stephen is preparing his pitch for a bank representative that will be considering him for a business loan. He lists the resumes and credentials of chefs who are working in the restaurant's kitchen.
Answers (1)
Of the 195 nations in the world, how many are considered high-income?
Answers (1)
Is it possible to be a copywriter and art director?
Answers (1)
New Questions in Business
What payment type is best if you are trying to stick a budget
Answers (2)
For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.
Answers (1)
Do you think it's necessary to have a love of sports to work in the Sports Industry?
Answers (2)
Aliyah earned a $6,000 bonus from her sales job for exceeding her sales goals. after paying taxes at a 30% rate, she invested the remaining money in two stocks.
Answers (1)
6. What is the correct way to punctuate the bold portion of this quotation? "Excuse me," the usher whispered I think you are sitting in the wrong seats." A. whispered. "I B. whispered", I C. whispered". I D. whispered" I
Answers (1)
Home » Business » Consider the four outliers in the 2012 revenue dа ta: companies with revenue of $237 billion, $246 billion, $447 billion, and $453 billion. If we removed these companies from the data set, what would happen to the standard deviation? a.
Sign Up Forgot Password?