This Question Relates to the Output Below: How Can

question 23

Multiple Choice

This question relates to the output below: How can see that this variable is negatively skewed?

• A)The median is the average of the mean and mode.
• B)The median is higher than the mean.
• C)The median is the arithmetic mean of the mode.
• D)This is a trick questions because actually the variable is positively skewed.
• E)Both (a)and (c).

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Definitions:

Futures Contract

A standardized legal agreement to buy or sell a specific commodity or financial instrument at a predetermined price at a specified time in the future.

Market Value

The current price at which an asset or service can be bought or sold.

Gross Profit

The financial gain made after subtracting the cost of goods sold from revenue, indicating the efficiency of a company in managing its production and labor costs.

Fair Value Hedge

A hedge of the exposure to changes in fair value of a recognized asset or liability or an identified portion of such an asset or liability that is attributable to a particular risk.