If the Observations Are Not Symmetrically Distributed on Either Side

question 98

Multiple Choice

If the observations are not symmetrically distributed on either side of its center,the histogram is said to be:

• A)leaning.
• B)pointing.
• C)skewed.
• D)wide.

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Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Behavioural Economics

A field of study that examines how psychological, cognitive, emotional, and social factors affect economic decisions and market outcomes.

Economic Decisions

Choices made by individuals, households, or firms regarding the allocation of resources.

Cross-Cultural Variations

The differences in norms, behaviors, beliefs, and practices among cultures around the world.