The bank manager wants to find the abnormal transactions done in their credit card payment section to prevent unauthorized transactions of the cards issued by the bank. Assume the bank manager will monitor the abnormal activities of the transaction database to find such malicious transactions. Demonstrate how the outliers detection mechanism in a dataset can help the bank manager and list down at least any four of applications of outliers.

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
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The bank manager wants to find the abnormal transactions done in their credit card payment section to prevent unauthorized transactions of the cards issued by the bank. Assume the bank manager will monitor the abnormal activities of the transaction database to find such malicious transactions. Demonstrate how the outliers detection mechanism in a dataset can help the bank manager and list down at least any four of applications of outliers.  

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