An outlier is
A)something that happens outside the organization that does not affect production.
B)always used in analyzing a mixed cost.
C)something that happens inside the organization that does not affect production.
D)typically not used in analyzing a mixed cost.

Question

Quizplus · Accepted Answer

Outliers are extreme values that deviate from other observations on data, they can distort statistical analyses and violate their assumptions. In the context of analyzing mixed costs, outliers are typically not used because they can skew the analysis, leading to inaccurate cost behavior estimations. Mixed costs analysis often involves regression or other statistical methods where outliers can significantly affect the results, hence they are usually excluded or treated separately.

An Outlier Is