8-Figures represents eight digits and a 8-figure salary will fall between $10,000,000 – $99,999,999. People who are earning this amount of income are typically multi-millionaires and would be considered quite wealthy.
The term for a point that varies greatly from all other data points is known as an <u>OUTLIER</u>
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Explanation:
An outlier is a data point that differs significantly from other observations. An outlier may be due to variability in the measurement or it may indicate experimental error.
An outlier can cause serious problems in statistical analyses.
An outlier is an observation that lies an abnormal distance from other values in a random sample from a population. In a sense, this definition leaves it up to the analyst to decide what will be considered abnormal.
A point that falls outside the data set's inner fences is classified as a minor outlier, while one that falls outside the outer fences is classified as a major outlier.
The data here appear to come from a linear model with a given slope and variation except for the outlier which appears to have been generated from some other model.
Outliers can occur by chance in any distribution, but they often indicate either measurement error or that the population has a heavy-tailed distribution.
The average number of students in each grade is 131 students
Step-by-step explanation:
In order to get this answer, you will divide 786 by 6 because 768 is the number of students in your school and 6 is the number of grades. Once you divided 786 and 6, you should get 131. Hope this helps! :)
