Which of the following does the ratio of the smallest value to the second-smallest value identify?
A) a benchmark that can be tracked over time
B) an outlier on the opposite side of the distribution
C) a greater variation in the data set
D) the magnitude of the deviation

Question

Quizplus · Accepted Answer

The ratio of the smallest value to the second-smallest value identifies an outlier on the opposite side of the distribution. This is because in a skewed distribution, the smallest value may be an outlier, and its ratio with the second-smallest value can help identify the direction and magnitude of the skewness.

Which of the Following Does the Ratio of the Smallest