Interpret Displays of Distributions

question 12

Multiple Choice

Interpret displays of distributions.
-The following boxplots show monthly sales revenue figures ($ thousands) for a
Discount office supply company with locations in three different regions of the U.S.
(Northeast, Southeast, and West) . Which of the following statements is true?

• A) The northeast has the lowest mean sales revenue.
• B) The southeast has the lowest median sales revenue.
• C) The west has the lowest mean sales revenue.
• D) The west has the lowest median sales revenue.
• E) None of the above.

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Definitions:

Availability

The extent to which a resource or service can be used or obtained.

Representativeness Heuristic

A cognitive shortcut used in decision making and judgments, where the likelihood of an object or event is assessed based on how closely it matches the typical case or stereotype.

Preexisting Beliefs

Ideas or convictions that an individual holds before being exposed to new information or experiences.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method or decision.