Kurtosis Is Used to ______

question 49

Multiple Choice

Kurtosis is used to ______.

• A)measure the central tendency of the distribution
• B)describe the shape of the distribution
• C)measure the variance in the distribution
• D)describe the range of a distribution

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Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).

Foreclosed

The legal process by which an owner's right to a property is terminated, usually due to failure to meet mortgage payment obligations.

Vickrey Auction

A sealed-bid auction where the highest bidder wins but pays the second-highest bid price.

Willingness To Pay

The maximum amount an individual is ready to spend for a good or service.