The Output Below Displays the Mean and Median for the State

question 25

Essay

The output below displays the mean and median for the state high school dropout rates in year 1 and in year 5. $$\begin{array} { l r r } & \text { Year 1 } & \text { Year 5 } \\\text { N } & 51 & 51 \\\text { MEAN } & 28.55 & 26.19 \\\text { MEDIAN } & 27.85 & 25.82\end{array}$$ Use the information to determine the shape of the distributions of the high school dropout rates in year 1 and year 5.

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Definitions:

Bid-Asked Spread

The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask) for an asset.

Broker's Commissions

Fees or payments made to a broker for executing a transaction or providing specialized services.

Price Concession

A reduction in the price of a good or service, often to facilitate a sale or agreement.

Limit-Sell Order

An order to sell a security at a specified price or better.