State How Many Modes You Would Expect for the Distribution

question 59

Multiple Choice

State how many modes you would expect for the distribution described.
-Numbers of people with birthdays in a particular month (January through December)

• A)Two
• B)None
• C)Three
• D)One

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Definitions:

Zero-Coupon Bonds

Bonds that do not pay periodic interest payments and are sold at a discount from their face value.

Market Price

The current price at which an asset or service can be bought or sold on the open market.

Coupon Bond

A bond that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date, when the principal amount is repaid.

Market Yield

The current return on investment for a security, factoring in its price variations and dividend payments.