If a distribution is leptokurtic, what does it signify about the data?
- The data has a high variance.
- The data is heavily tailed with potential outliers.
- The data is less outlier-prone.
- The data is normally distributed.
Leptokurtic distribution signifies that the data has heavy tails and a sharp peak, meaning there are substantial outliers (or extreme values). This kind of distribution often indicates that the data may have more frequent large jumps away from the mean.
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