What Sort of Statistic Does the Following Most Clearly Exemplify

question 42

Multiple Choice

What sort of statistic does the following most clearly exemplify? In 2011, half of American households had an income greater than $50,502, while the other half had a lower income.

• A)absolute frequency
• B)relative frequency
• C)distribution
• D)average
• E)median

---

Definitions:

Coefficient of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.

Risky Securities

Risky securities are investment products that come with a higher degree of uncertainty regarding their future value or return, often offering potentially higher rewards to compensate for the increased risk.

Linear Relationship

A relationship between two variables where the change in one variable is directly proportional to the change in another variable.

Reduction

A process or action that decreases the amount or size of something.