An Important Numerical Measure of the Shape of a Distribution

question 31

Multiple Choice

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

• A) 5-number summary
• B) z-score.
• C) coefficient of variation.
• D) skewness.

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Definitions:

Scheduled Payments

Regular, often monthly, payments agreed upon to repay a loan over a certain period of time.

Rate of Return

The net gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Compounded Monthly

The process in which interest earned on an investment is added to the principal balance, and then future interest accrual includes the increased balance, recalculated on a monthly basis.

Total Interest Earned

The cumulative amount of interest received from an investment, loan, or savings account, over a particular period.