(I If the Mean of a Frequency Distribution Is Smaller

question 194

Multiple Choice

(i. If the mean of a frequency distribution is smaller than the median and mode, the Pearson's
Coefficient of skewness would be negative.
(ii. The only time the variance equals the standard deviation is when both equal 1.
(iii) According to the Empirical Rule, 90 percent of the observations lie within plus and minus one
Standard deviation of the mean.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Net Income

The total profit remaining after all expenses, taxes, and deductions have been subtracted from total revenue.

Transfer Pricing

The pricing of goods, services, or intangible properties transferred within divisions of a company or between subsidiaries.

Income Tax Rate

The percentage of income paid to the government as tax.

Variable Cost

Costs that change in proportion to the level of goods or services produced or sold.