Question
Which of the following visualizations is most effective
for detecting outliers in a dataset ?Solution
Explanation: Box plots are specifically designed to display the distribution of data and highlight outliers. They show the interquartile range (IQR), the median, and the minimum and maximum values within 1.5 times the IQR. Data points outside this range are identified as outliers. This makes box plots an invaluable tool for quickly spotting anomalies. For instance, in financial datasets, box plots can reveal unusually high or low transaction amounts that might warrant further investigation. Option A: Line charts display trends over time but are not effective for identifying individual outliers. Option B: Bar charts represent categorical data frequencies but do not highlight outliers. Option D: Histograms show frequency distributions but might not clearly indicate outliers, especially for large bins. Option E: Scatter plots can suggest outliers in relationships between two variables but lack formal criteria for identifying them.
What is the primary objective of the report titled 'Illegal Trade of Red Sand Boa in India 2016-2021' by the Wildlife Conservation Society (WCS)-India?
Which of the following statements about the Global Tourism Index 2024 is/are incorrect?
1. India moved up to the 39th spot on the Travel & Touris...
Under the “PM-CARES for Children” scheme a corpus of ____________ will be allocated to each of these children from the PM CARES fund.
Which entity received funding from the Green Climate Fund to create a $1 billion corpus for financing green projects?
The Odisha Cabinet recently approved the proposal to include which language in the 8th Schedule of the Constitution?
Which Indian bank became a signatory (Nov 2024) to the Partnership for Carbon Accounting Financials (PCAF)?
What is the primary objective of the Mera Gaon Meri Dharohar (MGMD) Programme, and how is the information collected organized?:
What is the unique feature of Ambasamudram Choppu Samaan that earned it a GI tag?
ISRO's third and final RLV Landing Experiment (RLV LEX) will involve which unmanned prototype?
Recently Asian Development Bank (ADB) slashed its growth forecast for India to ___ for FY23 from the earliest projected 7.5%.