Which Is True of the Data Shown in the Histogram

question 36

Multiple Choice

Which is true of the data shown in the histogram? I. The distribution is skewed to the right.
II) The mean is probably smaller than the median.
III) We should use median and IQR to summarize these data.

• A) I, II, and III
• B) II only
• C) I only
• D) III only
• E) II and III

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Definitions:

Fixed Overhead Costs

Fixed costs that stay the same no matter how much is produced or sold, including items like rent, salaries, and insurance policies.

Operating Capacity

The maximum level of activity that a company can sustain with its current resources and infrastructure without incurring additional costs.

Investment Center

A business unit or department that is responsible for its own revenues, expenses, and investment in assets, with its performance measured by its return on investment.

Controllable Margin

The portion of profit or income directly influenced by the management decisions, typically excluding fixed costs.