What are some examples of outliers in different domains?
Outliers are data points that differ significantly from other observations. In finance, a stock that skyrockets unexpectedly is an outlier.
Can you give me more examples from healthcare?
Sure! In healthcare, a patient who recovers from a terminal illness against all odds can be considered an outlier.
What about in sports?
In sports, an athlete breaking a long-standing record by a large margin is an example of an outlier.
Are there outliers in social media trends?
Absolutely! A viral post that gains millions of views overnight, while similar posts get few, is an outlier in social media.
How do outliers affect data analysis?
Outliers can skew results and lead to misleading conclusions, so it's important to analyze them carefully.
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