A Recent Study Involving a Sample of 3,000 Vehicles in California

question 44

True/False

A recent study involving a sample of 3,000 vehicles in California showed the following statistics related to the number of miles driven per day: Q1 = 12, Q2 = 45, and Q3 = 56. Based on these data, we know that the distribution is skewed.

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Definitions:

Net Exports

The value of a country's total exports minus its total imports; a positive number indicates a trade surplus, while a negative number indicates a trade deficit.

GDP

The measure of all goods and services produced to their final stages within the confines of a country, valued in market or monetary terms over an identified period, defines the Gross Domestic Product.

Joseph Stiglitz

An American economist and a professor at Columbia University, known for his critical view on the management of globalization and neoliberal policies.

IMF

The International Monetary Fund, an organization aimed at fostering global monetary cooperation and financial stability, facilitating international trade, and reducing poverty.