A Histogram with Only One Peak ________

question 91

Multiple Choice

A histogram with only one peak ________.

• A)does not have a mode value
• B)is unimodal
• C)is bimodal
• D)has a high degree of kurtosis

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Definitions:

Auto Insurance

A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicular damage.

Moral Hazard

Moral Hazard refers to situations where one party is more likely to take risks because the negative consequences of their actions are borne by another party.

Adverse Selection

A situation where asymmetric information leads to the selection of undesirable participants in a contract or agreement, often seen in insurance and financial markets.

Bank Deposits

Funds that customers place into banking institutions for safekeeping and to earn interest.