A Company Is Reviewing the Database of Customer Purchases Over

question 55

Multiple Choice

A company is reviewing the database of customer purchases over the past 3 years.Using descriptive statistics on this large data set, a business analyst found the following values. $$\begin{array} { | l | l | l | l | l | l | l | l | } \hline \text { Variable } & \text { Court } & \text { Mearl } & \text { MinirmurI } & \text { Ql } & \text { Mediar } & \text { Q3 } & \text { Maxirnuri } \\\hline \text { Purdhases } & 56,472 & 105.21 & 10.24 & 31.09 & 74.88 & 117.23 & 201.40 \\\hline\end{array}$$ From this we can conclude that,

• A)68% of these purchases are between $105.24 and $74.88
• B)The distribution of these purchases is negatively skewed
• C)50% of these purchases are between $31.04 and $117.23
• D)50% of these purchases are less than $105.24
• E)The distribution of these purchases is not skewed

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Definitions:

Encoding

The process by which information is transformed into a format that can be stored in memory.

Retrieval

The process of recalling information, experiences, and memories stored in the brain.

Storage

The process of retaining encoded information over time in the memory.

Explicit Memory

Explicit memory is a type of long-term memory that involves conscious recollection of factual information, previous experiences, and concepts.