When a Manager Notices an Outlier During the Cost Estimation

Multiple Choice

When a manager notices an outlier during the cost estimation process, the appropriate response is to:

A) no response is required, unless multiple outliers are observed.
B) attempt to identify the reasons for the outlier.
C) divide the outlier by the standard deviation, before including the outlier in the regression model
D) re-collect all the data, as an outlier indicates that the data has been corrupted.