In a Perfectly Symmetrical Bell-Shaped "Normal" Distribution

question 53

Multiple Choice

In a perfectly symmetrical bell-shaped "normal" distribution,

• A)the arithmetic mean equals the median.
• B)the median equals the mode.
• C)the arithmetic mean equals the mode.
• D)All of the above.

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Definitions:

Upward-sloping

A term often used in economics to describe a line on a graph that shows an increase in a variable as another variable increases, such as supply or demand curves in relation to price.

Downward-sloping

A downward-sloping curve illustrates a negative relationship between two variables, commonly seen in demand curves where price and quantity demanded are inversely related.

Slope

The rate at which a line on a graph inclines or declines, indicating the relationship between two variables on a plotted curve.

Movement Along

The change in quantity demanded or supplied of a good due to a change in its price, represented graphically by a movement along a demand or supply curve.