​An Important Numerical Measure of the Shape of a Distribution

question 36

Multiple Choice

​An important numerical measure of the shape of a distribution is the

• A) ​variance.
• B) ​z-score.
• C) ​coefficient of variation.
• D) ​skewness.

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Definitions:

Legal Tender

Currency that must be accepted if offered in payment of a debt, by law.

Federal Deposit Insurance

A government guarantee that protects bank depositors' funds up to a certain limit in case of a bank failure.

Bank Panics

Events in which a large number of bank customers withdraw their deposits simultaneously due to fears that the bank will become insolvent.

Money Supply

The total amount of money available in an economy at a particular point in time, including cash, bank deposits, and other liquid assets.