When Data Are Positively Skewed, the Mean Will Usually Be

question 64

Multiple Choice

When data are positively skewed, the mean will usually be

• A) greater than the median.
• B) smaller than the median.
• C) equal to the median.
• D) positive.

---

Definitions:

Horizontal Differentiation

A strategy where products are made different from those of competitors on aspects other than price, such as quality or features, while aimed at satisfying the same basic need.

Product Mix

The variety of products a company offers for sale to meet market demand and enhance profitability.

Celebrity Endorsement

A marketing strategy where famous personalities are used to promote a product, service, or brand, leveraging their fame and influence.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, establishing a market balance.