Jai-Alai Question of the Week

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#537 - Statistics: How do you handle 'outliers'?

Posted on August 8, 2014 at 12:37:39 PM by Tiger

Say you're trying to calculate an average win price for Post 3. You start charting, and observe values of:

Nothing out of the ordinary there, right?

Then, in comes a 3.20 or a 78.60. Now what do you do?

If you're not crunching stats, you may not care, but the question is meaningful for those who do.

BTW, average payoff was just an example. Could apply to anything you're trying to measure, like player ratings.


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