A data analyst is reviewing a dataset of residential home sales in a small town. Most homes are priced between $200,000 and $500,000. However, one entry is listed at $15,000,000. This single data point is significantly skewing the average home price calculation. Which of the following best describes this data point?
Outliers are distinct from the main pattern, influencing aggregations or statistical calculations. They are not duplicates, incomplete entries, or stored in a different format. Instead, they deviate from the distribution of other data points and often indicate an unusual measurement or a possible data error.
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