Which of the Following Statements Best Describes the Distribution and Variability

question 3

Multiple Choice

Which of the following statements best describes the distribution and variability of the histogram below? The data in the histogram summarizes length of time on hold for a collection of customers calling a repair call center.

• A) The distribution shows that the data was highly variable with some callers waiting on hold as many as 20 minutes.
• B) The distribution is left-skewed and most callers waited on hold at least three minutes.
• C) The distribution is symmetrical. The number of callers who waited on hold for less than three minutes was the same as the number of callers who waited on hold for more than three minutes.
• D) The distribution is right-skewed and most callers waited on hold less than three minutes.

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Definitions:

Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified timeframe.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy a specified amount of an underlying asset at a predetermined price within a set timeframe.

Swap Contract

A financial agreement between two parties to exchange sequences of cash flows for a set period according to specified terms.

Option Contract

A contract that gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific time period.