What is the impact of outliers on statistics?
An example of an AI chatbot conversation about the effects of outliers in statistical analysis.
What is the impact of outliers on statistics?
Outliers can significantly skew results, affecting measures like mean and standard deviation.
Can you give an example of how an outlier affects the mean?
Sure! If you have the numbers 2, 3, 4, and 100, the mean is 27.25, which is misleading due to the outlier 100.
What about the median? Does it get affected by outliers?
No, the median is resistant to outliers. In the same example, the median is 3.5, which better represents the data.
How can we handle outliers in our data?
You can handle outliers by removing them, transforming the data, or using robust statistical methods.
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