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Which of the following is most influenced by outliers? |



A statistician is a person who studies the properties of data and inferences from samples to make predictions about populations. Inferential statistics allow for conclusions made on groups based on just a few people inside that group. Outliers are usually outlying due to extreme values, but outliers can also found in randomness or chance which makes them difficult to analyze statistically.

The “is it possible for a data set to have no mode?” is an important question that many people ask when they are analyzing data sets. The answer is no, but outliers can influence the data set.

Which of the following is most influenced by outliers? |

Explanation: A single or a small number of outliers will have the greatest impact on the mean. As a result, when the distribution is skewed or asymmetrical, the mean is typically not the best indicator of central tendency.

Which measure of central tendency is most impacted by outliers in this way?

Outliers in a data collection are statistics that are significantly greater or lower than the rest of the data. The measurements of central tendency are the mean, median, and mode. The only measure of central tendency that is never influenced by an outlier is the mean. The most common measure of central tendency is the mean, or average.

Is it feasible to have no mode in a data set? There might be more than one mode for a collection of data values. The collection of data values is said to be bimodal if there are two data values that occur most often. We say a collection of data values has no mode if there are no data values or data values that occur most often.

Which measure of central tendency is most impacted by outliers quizlet in this regard?

Because the mean is the average of the scores and is not resistant to outliers, it is heavily impacted by them. The middle is impervious to attack.

When the number of observations in a data collection is odd, how can we determine the median?

If the number of observations is odd, the median is the number in the center of the list. The value of the (n+1)/2 -th term, where n is the number of observations, may be obtained. Otherwise, the median is the simple average of the middle two figures if the number of observations is even.

Answers to Related Questions

Outliers have the least impact on which measure of central tendency?

When the distribution is not symmetrical, the median is the preferable measure of central tendency since it is less impacted by outliers and skewed data than the mean.

Why do we need to get rid of outliers?

Before making a decision, it’s critical to look into the nature of the outlier. If the outlier is clearly attributable to poorly entered or measured data, you should eliminate it: If the outlier has no effect on the findings but has an impact on the assumptions, you may discard it.

Which central tendency measure best represents the data?


Which central tendency measure is the best, and why?

Analysts often use the mean in this situation since it incorporates all of the data into the computations. The median, on the other hand, is frequently the best indicator of central tendency when the distribution is skewed. When dealing with ordinal data, the median or mean is often the best option.

Does the presence of an outlier influence the interquartile range?

The space between the 75th and 25th percentiles is known as the interquartile range (IQR). The IQR is unaffected by outliers or extreme results since it utilizes the middle 50%. In a box plot, the IQR is also equal to the length of the box.

What happens when outliers are removed?

When an outlier is eliminated, the set is reduced by one data point. Because the median is the midpoint of the data set, this will have an impact on the median.

In statistics, what is central tendency?

A central tendency (or measure of central tendency) is a typical or center value for a probability distribution in statistics. It is also known as a distribution center or location. The arithmetic mean, median, and mode are the most popular metrics of central tendency.

Which central tendency measure is the least effective?


What does the term “standard deviation” refer to?

The standard deviation is a statistic that describes how much observations for a group differ from the average (mean) or anticipated value. A low standard deviation indicates that the majority of the data points are close to the mean. A large standard deviation indicates that the data is more dispersed.

What is the formula for calculating range?

The difference between the highest and lowest numbers in a piece of data is known as the range. To get the range, sort the data from the smallest to the largest. Then subtract the set’s lowest value from the set’s biggest value.

Which of the following statements best represents a score distribution that is adversely skewed?

If the scores fall toward the upper end of the scale and there are few low scores, the distribution is negatively skewed, or skewed to the left. The mean is frequently larger than the median, which is always greater than the mode in positively skewed distributions.

What is the connection between standard deviation and variance?

The square root of the variance is the standard deviation. The variance is given in squared units, but the standard deviation is stated in the same units as the mean, although you may use either for analyzing a distribution as long as you know what you’re doing.

When all the numbers are different, what is mode?

The mode is an average that is determined by identifying the most often occurring number in the list. If numerous numbers appear more often than others, those numbers are all modes; if no numbers appear more frequently than others (in other words, if each number appears just once), there is no mode.

What if the medians are different?

There is only one number that is precisely in the center of the data if the list has an odd number of items. If the number of data points is even, however, there are two integers in the center. In such situation, to get the median, put the two figures together and divide by two.

What criteria do you use to identify outliers?

A minor outlier is a point that is outside the data set’s inner boundaries, while a big outlier is one that lies beyond the data set’s outer gates. Multiply the interquartile range by 1.5 to determine the inner fences for your data collection. Then subtract Q1 from Q3 and add the result to Q3.

In a data set, what is an extreme value?

Extreme value is a statistical term defined in the Glossary of Statistical Terms.

Extreme values are the lowest (minimum value) or biggest (maximum value) of a set of characteristics. The tiniest and tallest individuals’s body sizes, for example, would reflect the extreme values for the height characteristic of humans.

What is the procedure for determining the first quartile?

The median of the bottom half of the data set is the first quartile, represented by Q1. This indicates that around 25% of the values in the data set are below Q1 and approximately 75% are above Q1. The median of the top half of the data set is the third quartile, represented by Q3.

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Personal Finance

Instant Money Transfers: How to Speed Up Your Financial Transactions?




People today are no longer limited to using traditional banking methods and payment options like cash or checks for their financial transactions. With digital payment options becoming increasingly popular, money transfers have become easier. However, while these solutions offer convenience, they only sometimes guarantee a speedy transaction of funds from one party to another. If you need an instant transfer solution that allows you to move your funds without any hassles quickly, keep reading. Here are some tips to help you get started with an instant money transfer:

Find a Trustworthy Money Transfer Provider

Finding a trustworthy money transfer provider is paramount in ensuring your money’s safe and efficient transfer. Start by researching different providers, particularly their reputation, customer reviews, and transaction security protocols. The team at Paysend can help you send money to the Philippines from the USA in just a matter of seconds. A reliable provider should have a robust security framework to guard against fraud and hacking attempts. Additionally, consider the speed of their service, the fees they charge, and the exchange rates they offer.

Some providers may offer attractive transfer rates but compensate with hidden charges, so read the fine print. Customer service is another important factor; a good provider will have a responsive and knowledgeable support team to promptly address any issues or concerns. Regulatory compliance is also crucial – ensure the appropriate financial authorities regulate the provider. Remember, a trustworthy provider prioritizes the security and satisfaction of its customers above all else.

Select Your Preferred Payment Method

Choosing your preferred payment method is a critical step in instant money transfers. Several payment methods are available, and the best choice often depends on one’s circumstances and preferences. The most common payment options include bank transfers, debit or credit cards, and digital wallets. Bank transfers, while reliable, may provide a different speed than some users require. Debit or credit card payments are typically faster but may carry higher fees.

Digital wallets like PayPal or Apple Pay offer speed and convenience, allowing you to transfer funds digitally without requiring bank account information. The factor to consider here is not just the convenience of the payment method but also its transaction speed, security, and associated charges. Always select a payment method that suits your needs regarding these factors.

Sign Up for an Account

Once you have selected the ideal payment method and provider, it is time to sign up for an account. Most providers will require personal information such as your name, address, email ID, and phone number, so make sure the details you provided are accurate. You might also be asked to supply additional documents, such as identification proof and bank statements, to verify your identity.

Sometimes, you may need to link your bank account with the transfer provider’s platform; read through their documentation carefully to understand what steps you need to take. Once the registration process is complete, you can access and use the money transfer service for quick transfers.

Initiate the Money Transfer

Most providers will require you to register on their platform with valid ID documents before proceeding. Enter all the necessary details correctly and accurately, including recipient information and account numbers. Additionally, make sure that you double-check the amount of money being transferred and the associated fees.


Confirm everything is correct before hitting ‘Send’ to avoid costly mistakes or delays in transfer processing. You should receive an email or text message confirming the transfer with your transaction details, including the recipient’s account information and a tracking number. You can use this tracking number to monitor the progress of your money transfer.

Complete the Money Transfer Process

This usually requires providing basic information such as the recipient’s name, address, and contact details. Depending on your provider, you may also need to specify what currency you’re sending and offer additional security authentication. Once this is done, enter the amount you wish to transfer, verify the transaction details, and approve it. After that, your money should be on its way to the recipient’s account immediately.

Some providers offer extra features such as tracking services or reminders for upcoming transfers for added security and convenience. These features can come in handy when sending payments regularly or tracking the status of a transaction. Additionally, look out for any special offers, discounts, or rewards available to loyal customers. Many money transfer providers offer these incentives as a way of showing appreciation and encouraging loyalty among their customers.

Monitor the Status of Your Transfer

Most providers will allow you to monitor the progress of your transfer in real time. Some may even send notifications via email or text message when the money reaches its destination. If you sense any delays, contact customer support for assistance. Money transfers can take a few minutes to several hours, depending on the selected payment method and recipient country.


Finally, always save all records related to your money transfers, including emails and receipts. If there are any discrepancies or disputes, you can refer to these documents for clarification. With the help of a reliable provider and modern payment methods like digital wallets, you can now easily make instant money transfers. So get started today and experience the convenience of instant money transfer services.

Receive and Verify the Transaction

Once the money has been transferred, you or the recipient should receive a notification of completion. At this point, ensuring the transaction was successful, and all details were correct is important. For security purposes, some providers may ask for additional verification from either party to avoid fraud and other malicious activities. This process could include providing a digital signature or proof of identity.

Once the verification is complete, the funds should be available in the recipient’s account almost immediately. If you have any concerns, contact customer support to get assistance or help resolve any issues. Remember that reliable providers prioritize customer satisfaction and security above all else. With these steps, you can now easily and safely transfer money with instant money transfer services.

Nowadays, it’s more important than ever to employ secure digital payment methods in your daily financial transactions. That’s why researching which providers offer the best services regarding speed, security, transaction fees, and customer support pays off. With the right provider, you can have peace of mind knowing that your money transfers will be conducted instantaneously and securely.

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Personal Finance

The Ins and Outs of Getting a Loan With Bad Credit




If financial difficulties or uninformed decisions have left you with bad credit, you may not know where to turn for a loan. While borrowing money with a low credit score may take additional research or work, it’s likely still within your reach.  

Many lenders offer bad credit loans for people who need extra cash but may not have the best credit background. Applying for a loan with bad credit may feel intimidating, but the following considerations could make the process easier.

Start by Checking Your Credit

Before you begin shopping for loans, check your credit report. Some creditors require specific scores for each loan product, even those designed for bad credit, so knowing your score saves you time.

It’s also important to check your credit report for errors that may drag your score down and limit your loan options. You can access this information from Equifax and TransUnion for free online.

Compare Your Options

While a lower credit score likely disqualifies you from some personal loans, you may still have many options. Some lenders offer loans specifically for people with low credit scores who struggle to qualify for other options.


Bad credit loans may require a deposit or other fees, have higher interest rates than other loans, or include income requirements. However, they may also offer a wide range of payment terms and options like online portals that make managing your loan easier. With some research, you could find the right fit for your circumstances.  

Whenever possible, take advantage of loan prequalification. Many lenders allow you to check your potential eligibility for a loan by providing personal and financial information. They use that to run a soft credit check, which doesn’t affect your credit score. If you pre-qualify, they’ll provide information about possible rates and terms. You could complete prequalification forms for multiple loans to help you find your best option.

Improve Your Application

Some financial decisions improve your loan eligibility. A friend or family member with better credit may agree to co-sign your loan. In that case, their financial information influences your eligibility for a loan.

Cosigners take on substantial risk. If you fail to repay your loan, your cosigner becomes responsible. Likewise, issues with the loan could hurt their credit score and put a strain on your interpersonal relationship.  


If multiple lenders have declined your applications for unsecured loans, consider a secured loan instead. Secured loans require collateral, like a deposit, car, or other property. If borrowers don’t repay their loans, lenders may seize the collateral. Lending institutions don’t take on as much risk with secured loans as unsecured loans so they may have more lenient credit requirements for borrowers.

Avoid Scams

Unfortunately, fraudulent lenders often exploit consumers who have limited loan options. Before providing a lender with any personal or financial information, ensure they’re legitimate. Otherwise, you risk having your identity stolen or paying fees for a loan you never receive.

Be wary of anyone offering guaranteed approval or soliciting your business via cold calls. Always verify loan servicers’ contact information and check their reviews on trusted third-party websites.

The Bottom Line

If you have bad credit, you could still qualify for a personal loan. Remember to check your credit score, investigate your options, and confirm a lender’s legitimacy before applying. If you still struggle to qualify, you may need a cosigner or collateral to boost your application.

By taking some extra steps, you can make getting a loan easier and safer.

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Personal Finance

Four Ways to Save on Fuel in 2023





From increasing energy bills to price hikes at online stores and supermarkets, all individuals globally feel the need to make their money to go further and do more. And there has never been a perfect time to know how to save more on fuel than now.

From getting fuel cards with great deals and driving more efficiently to using telematics and keeping your vehicle in good condition, here are different ways to save money on fuel.

Get a Fuel Card

A fuel card can provide you with more than the ability to purchase fuel from a good station. With a fuel card, you can control your business’s fuel spend by getting discounts on fuel pump rates, setting spending limitations, and increasing your cash flow – all enabling you to save a significant amount of money.

Fuel cards allow savings on fuel, which means that the price you pay is always less compared to the one indicated on the fuel pump machine. With numerous fuel cards available out there, find the right partner with excellent deals.

Use Telematics/Advanced Route Planning

Digital telematics solutions come with real-time GPS tracking as well as remote automobile diagnostics helping individuals and company owners to thoughtfully plan the most efficient routes depending on different data points. A high-quality telematics solution also integrates with route optimisation systems to plan the most efficient routes and offer turn-by-turn directions and navigations.


Well-planned routes allow automobiles to get from point C to D efficiently, significantly minimising time spent and distance covered, saving on fuel. Heavy-duty automobiles can avoid routes with steep hills. You can also re-plan a hilly route for a light and medium-duty automobile.

But as you do that, ensure the route you choose doesn’t take your drivers too far. Side-step all congested routes and those that require excessive stopping and starting or cause unnecessary idling.

Drive More Efficiently

One of the proven ways to save on fuel is to manage driver behavior. Whether you’re a driver or fleet manager, you need to keep yourself or drivers accountable for how they utilize their fuel cards.

You should also reinforce ways to conserve fuel through safety training – many of the behaviors that are taught as techniques of safe driving, such as driving more efficiently. Most businesses and individuals use telematics to control driver behavior, such as harsh accelerating or braking, to maximize return on investment by minimizing fuel spend.

Keep Your Vehicle in Good Condition

If you keep your automobile in excellent condition by servicing it in line with the guidelines of the manufacturer, it’ll help you save on fuel costs. Fix any faults quickly to make sure your vehicle is operating efficiently.


When you keep your car in excellent condition, you’ll enjoy numerous benefits, saving fuel being one of them. A vehicle that isn’t serviced based on the guidelines of the manufacturer can increase the consumption of fuel by approximately 50%.

Integrate these four ways into your automobile’s daily activities, and you’ll be able to save on fuel.

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