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

Question

Quizplus · Accepted Answer

An outlier is a value that is significantly different from other values in a dataset. It is often considered as a data point that does not fit the trend shown by the remaining data. A residual is a measure of the vertical distance between the observed data and the fitted line. Point estimate is the single best value that represents the most probable value of a population parameter based on a sample statistic. Therefore, B is the correct answer as it represents the definition of an outlier.

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