A Skewed Distribution Has

question 46

Multiple Choice

A skewed distribution has

• A)the mean,median and mode exactly in the center of the bell curve.
• B)has many cases at extremes of the curve.
• C)is in the shape of a cup,otherwise known as a cup curve.
• D)six curves stacked sideways across the field.

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Definitions:

Foreign Exchange

The global marketplace for buying and selling national currencies.

Purchasing Power Parity Theory

An economic theory that suggests that in the long term, exchange rates should adjust to equalize the price of identical goods and services in different countries.

Floating Exchange Rates

A system where the value of a currency is allowed to fluctuate according to the foreign exchange market without direct government control.

National Currencies

The official money used in different countries, which serves as a medium of exchange within each nation and can have different forms such as notes and coins.