Discuss the effect on the mean and median when outliers are present - Median vs. Mean

Remove Ads Share on WhatsApp

Transcript

Question 1 - Page 109 Discuss the effect on the mean and median when outliers are present on both sides. You may take some example data to examine and explain this.If we have one very small number AND one very large number, they might cancel each other out in the average calculation. The Mean might stay in the middle. However, the Variability (how spread out the data is) increases a lot. The Median usually stays stable in the middle.

CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 16 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.