What does an extreme value at the high end of the data set mean?
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
What does an extreme value at the high end of the data set
The numerical data can be divided into two parts. One being discrete and other continuous. As the name itself suggests that the discrete are the one which can be counted while the continuous cannot be counted. The counted variable can only be measured.
Continuous variable can take any value in between any specified intervals while the discrete variable are restricted to the discrete value.
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