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Box plots, also known as box-and-whisker plots, are particularly useful for identifying the presence of outliers. They provide a graphical summary of the minimum, first quartile, median, third quartile, and maximum of a dataset. The "whiskers" of the box plot extend to a range where most of the data falls, while data points that fall outside this range are considered outliers and are typically marked separately. This makes box plots particularly valuable for quickly assessing whether a dataset contains extreme values that could affect further analysis. Unlike histograms, which display the frequency distribution of data, box plots summarize data spread and central tendency, with an emphasis on identifying outliers. Why Other Options Are Incorrect: • A: Histograms show the frequency of data points, not box plots. • B: Box plots do not show correlations between variables; scatter plots or pair plots are more suited for that. • D: Box plots are not ideal for visualizing time series data. Line plots or time series plots are better choices. • E: Histograms are used for displaying the distribution of a variable in intervals, not box plots.
As per the KYC related guidelines given by RBI, which of the following is required for conducting V-CIP (Video-Based Customer Identification Process)?
Which of the following risks are associated with Banking Sector?
A Debenture of face value of Rs.500 is currently quoting at Rs.530. The duration of the debenture is 3 years. The market interest rates moved from 4.5%...
Which of the following Statements is/are True?
I- AT-1 bonds are a type of unsecured, perpetual bonds.
II- The return on AT-1 bonds is u...
_______ is the entit y that was formed to identify and check fraudulent activity in lending transactions against equitable mortgages .
What will be the impact on the portfolio’s systematic risk with the increase in the number of stocks in a portfolio?
The price of a forward or futures contract:
Which of the following best describes the primary role of the Central KYC Records Registry (CKYCR)?
Which of the following is identified as “ beneficial owner” for a company , u nder the RBI’s KYC guidelines ?
Which of the following statement concerning credit risk is incorrect?