Outliers have a dramatic effect on small data sets for this, Accounting Basics

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Outliers have a dramatic effect on small data sets for this

Outliers have a dramatic effect on small data sets. For this exercise, the data consist of the sizes (in seconds and MB) of the 27 #1 hits on the Beatles' album 1.

(a) Generate the boxplot and histogram of the sizes of these songs.

(b) Identify any outliers. What is the size of this song, in minutes and megabytes?

(d) Which summary, the mean or median, is the better summary of the center of the distribution of sizes?

(e) Which summary, the mean or median, is the more useful summary if you want to know if you can fit this album on your iPod?

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Accounting Basics: Outliers have a dramatic effect on small data sets for this

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Accounting Basics: Outliers have a dramatic effect on small data sets for this

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