TB MC Qu. 06-23 Of the following measures, the...

Of the following measures, the best way to analyze the extreme values in the sample is to consider the:

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TB MC Qu. 06-23 Of the following measures, the...

Of the following measures, the best way to analyze the extreme values in the sample is to consider the:

BlackTom AI · Accepted Answer

The question asks about the best way to analyze extreme values in a sample.
Option 1: 'standard deviation.' While standard deviation measures spread, it does not specifically target extreme values or outliers; it summarizes overall variability rather than focusing on extremes.
Option 2: 'mode.' The mode identifies the most frequent value, which is not inherently about extremes or tails of the distribution, so it’s not the best tool for analyzing extremes.
Option 3: 'maximum or minimum.' Focusing on the endpoints of the data directly addresses the extreme values, making this option the most appropriate for examining how large or small observations can be.
Option 4: 'mean.' The mean gives the central tendency but can be heavily influenced by extreme values; it does not isolate or characterize the extremes themselves, so it isn’t the best standalone measure for extremes.

TB MC Qu. 06-23 Of the following measures, the... Of the following measures, the best way to analyze the extreme values in the sample is to consider the:

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