(I If Two Sets of Data Are in Different Units

question 69

Multiple Choice

(i. If two sets of data are in different units, we can compare the dispersion by using coefficient of
Variation.
(ii. A sample of the homes currently offered for sale revealed that the mean asking price is $75,900,
The median $70,100 and the modal price is $67,200. The standard deviation of the distribution is
$5,900. The Pearson's coefficient of skewness is 3.95
(iii) The coefficient of variation is a measure of relative dispersion.

• 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:

Interest-rate Ceilings

Regulatory limits placed on the maximum interest rates that can be charged on loans, intended to protect borrowers.

Bank Profits

The earnings generated by banks, derived from the difference between the interest paid on deposits and the interest received from loans.

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at commercial banks and savings institutions.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring the stability of the financial system.