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P. 57 of FA2012, about 1/3 down on the page, says, "Mode is least affected by outliers in the sample."
I had encountered a practice question in Kaplan QBook last week that asked about which variable would be least affected by outliers, and I put median, and that was correct. I had annotated that into FA just for reinforcement.
I'm just now realizing that FA says mode, not median, for that.
The FA2012 errata does not touch upon this.
By all means, the middle value (median) in a sample is completely unbiased with respect to outliers (if an odd number of values).
Any thoughts?
I had encountered a practice question in Kaplan QBook last week that asked about which variable would be least affected by outliers, and I put median, and that was correct. I had annotated that into FA just for reinforcement.
I'm just now realizing that FA says mode, not median, for that.
The FA2012 errata does not touch upon this.
By all means, the middle value (median) in a sample is completely unbiased with respect to outliers (if an odd number of values).
Any thoughts?