For a Random Sample of 247 Observations,the Skewness of the Data

question 198

Multiple Choice

For a random sample of 247 observations,the skewness of the data was calculated to be -0.52 while the kurtosis was calculated to be 3.24.Which of the following is true in the light of the information given above?

• A)Reject H₀ for α = 0.05,but not for α = 0.10
• B)Reject H₀ for α = 0.10,but not for α = 0.5
• C)Reject H₀ for α= 0.05 and for α = 0.10
• D)Fail to reject H₀ for all levels of significance.

---

Definitions:

C.I.F. Contract

Stands for "Cost, Insurance, and Freight," a type of international shipping agreement where the seller pays for the cost of goods, insurance, and freight to a specified destination.

F.O.B. Contract

A shipping agreement where "Free On Board" determines that the seller delivers goods on board a vessel designated by the buyer, transferring the risk from the seller to the buyer once the goods are onboard.

C.O.D. Contract

Contract of "Cash On Delivery" where payment for goods is made at the time of delivery rather than in advance.

Privity of Contract

A legal concept that restricts the parties who can sue or be sued under a contract to those who are a part of the contract agreement.