Tuesday, December 16, 2008

Outliers

Today we continued our study of mean, median, and mode but with the addition of outliers. We examined how outliers affect each of the measurements. One measurement is typically affected most by an outlier and the slides below show how. Read on to find out as Block 1 teaches the concept! 





Line graphs in the real world...

Here is a very relevant way that graphs and data are used on a daily basis. This line graph is from The New York Times (Dec. 16, 2008) online article that discusses the "slow" increase in prices of oil per barrel and the steep decline that occurred in a much shorter time.


See if you can identify the approximate price of oil in 2001 compared to late 2007 and then compared to now. Leave a comment on your findings!

















source: nytimes.com