Solution-When a manager notices an outlier during the cost

When a manager notices an outlier during the cost estimation

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Reference no: EM132607627

Question 1: When a manager notices an outlier during the cost estimation process, the appropriate response is to:

Option 1: no response is required, unless multiple outliers are observed.

Option 2: attempt to identify the reasons for the outlier.

Option 3: divide the outlier by the standard deviation, before including the outlier in the regression model

Option 4: re-collect all the data, as an outlier indicates that the data has been corrupted.

Reference no: EM132607627

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When a manager notices an outlier during the cost estimation

Reference no: EM132607627

Reference no: EM132607627

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