LogFAQs > #1292171

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicName Your Price: Abandon Board 8 and Board 8ers completely
Zachnorn
07/03/12 4:26:00 PM
#99:


is mine considered an outlier? >_>;

Yes. It's not decided by me, but it's Excel and statistics that decides it.

If you're familiar with statistics, I am using the quartiles and the interquartile range (IQR) to determine outliers. In other words, anything below Q1 - 1.5 * IQR and above Q3 + 1.5 * IQR is considered an outlier. For you, Q3 was $125,000, IQR was $124,955, so anything above $312,432.50 wasn't counted in the average without outliers. That can change with other votes, of course.

If you don't understand statistics, then it basically tries to count as many votes as possible, but ones that are too extreme are not counted in the average without outliers. The main reason why I did this is because I don't want to place limits on amounts you can vote for, but at the same time, amounts like $27 trillion completely break the average. All votes count for the simple average, min, max, and median.

Current statistics:
Min: -20
Max: 2.7E+13
Average: 1,500,000,595,084
Average without outliers: 27433.66667
Median: 10,250
Q1 87.5
Q2 10250
Q3 83750
IQR: 83662.5

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