Which Is True of the Data Shown in the Histogram

question 40

Multiple Choice

Which is true of the data shown in the histogram?
I. The distribution is approximately symmetric.
II. The mean and median are approximately equal.
III. The median and IQR summarize the data better than the mean and standard deviation.

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

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Definitions:

Initial Endowment

The initial allocation of goods, resources, or money which an individual or entity possesses at the start of a consideration period.

Weak Axiom

A principle in consumer theory that, if a consumer chooses bundle A over bundle B when both are affordable, they will not choose B over A if A's price decreases and B's price stays the same or increases.

Revealed Preference

A theory that determines a consumer's preferences based on their purchasing behavior, under the assumption that their choices reveal their valuation of goods.

Insurance Agent

A professional who sells, solicits, or negotiates insurance policies on behalf of an insurer.