When the population distribution is normal, the statistic median {| 1 -|, ... , Xn - ,

Question:

When the population is normal, the statistic median {| 1 -|, ... , Xn - , |}/.6745 can be used to estimate σ. This estimator is more resistant to the effects of outliers (observations far from the bulk of the data) than is the sample standard deviation. Compute both the corresponding point estimate and s for the data of Example 6.2.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...