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The Bar Chart Below Is of the Colour of Motor

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The bar chart below is of the colour of motor vehicles in a random sample. A student commented that the distribution was negatively skewed. Explain what is wrong with this statement.
Relative Frequency: Motor Vehicle Colour The bar chart below is of the colour of motor vehicles in a random sample. A student commented that the distribution was negatively skewed. Explain what is wrong with this statement. Relative Frequency: Motor Vehicle Colour


Definitions:

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows.

Net Present Value

The difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess profitability of investments.

Cash Inflows

Money received by a business from its operational, financing, or investing activities.

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

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