British Students Apply to University Before They Complete Their National

question 7

Multiple Choice

British students apply to university before they complete their national examinations. Universities typically accept students with conditions, for instance, two A grades. Which concept of asymmetric information does this illustrate?

• A) Signaling.
• B) Screening.
• C) Contingent contract.
• D) a, b and c.

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Definitions:

Negatively Skewed

Negatively skewed, in statistics, describes a distribution of data where the tail is longer on the left side of the distribution curve, indicating that the bulk of the values lie to the right.

Positively Skewed

A statistical distribution characterized by a longer tail on the right side, indicating that the bulk of the values lie to the left of the mean.

Probability Density Function

A function that describes the relative likelihood for a continuous random variable to occur at a particular point.

Continuous Random Variable

A type of random variable that can take an infinite number of values in a continuous range.