Mean, Median, and Mode Are

question 147

Multiple Choice

Mean, median, and mode are:

• A) equal to one another in any Poisson probability distribution
• B) equal to one another in any normal probability distribution
• C) different measures of center and, therefore, cannot possibly be equal to one another
• D) different measures of center, but can equal each other only if the probability distribution is negatively or positively skewed
• E) equal to one another in any normal probability distribution and different measures of center and, therefore, cannot possibly be equal to one another

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Definitions:

Increasing Rate

A situation where a numerical value or quantity grows over a period of time, which can refer to things like interest rates or inflation.

Gross Savings

Gross Savings refers to the total amount of savings retained by an economy after all expenses have been met but not including depreciation.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Malthusian Theory

A theory proposed by Thomas Malthus suggesting that population growth will outpace agricultural production and lead to widespread poverty and famine.