Identify the Shape of a Distribution
-The Data Set: Pick

question 48

Multiple Choice

Identify the Shape of a Distribution
-The data set: Pick Three Lottery Outcomes for 10 Consecutive Weeks $$\begin{array} { l l l l l l l l l l } 3 & 6 & 7 & 6 & 0 & 6 & 1 & 7 & 8 & 4 \\1 & 5 & 7 & 5 & 9 & 1 & 5 & 3 & 9 & 9 \\2 & 2 & 3 & 0 & 8 & 8 & 4 & 0 & 2 & 4\end{array}$$

• A) uniform
• B) bell shaped
• C) skewed to the left
• D) skewed to the right

---

Definitions:

Pure Monopolists

Entities that entirely dominate an industry or sector, with no competition due to unique products, control of resources, or significant barriers to entry.

Price Takers

Entities in a market that accept the prevailing prices for its goods or services, having no power to influence the market price.

Demand Curves

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping, indicating that demand decreases as price increases.