A data point (observation) that does not fit the trend shown by the remaining data is called a (an)
A)residual
B)outlier
C)point estimate
D)None of the other answers is correct.

Question

Quizplus · Accepted Answer

An outlier is a data point that is significantly different from the other observations in the dataset. It is important to identify and investigate outliers as they can impact the overall analysis and interpretation of the data. Residuals are the differences between the observed values and the predicted values in a regression analysis. Point estimate is a single value used to approximate an unknown population parameter. Therefore, the most appropriate answer is B, outlier.

A Data Point (Observation) That Does Not Fit the Trend