Re: Simple statistics question - I think

I am trying IQR this seems to help with "rogue" prices. I am using Q1
- (1.5*IQR) as my floor and Q3 + (1.5*IQR) as my ceiling. Is the 1.5
multiplier fairly common or a standard.
Much thanks to Dr. Robert Donnelly Jr. for writing "The Complete
Idiot's Guide to Statistics."

.

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