What Conclusion Can Be Drawn from Statistics That Indicate That

question 7

Multiple Choice

What conclusion can be drawn from statistics that indicate that the average cost of a house in a specific neighbourhood is $150,000,the range is $48,000 to $2,000,000,the median house cost is $98,000,and the mode is $90,000?

• A) The standard deviation is small.
• B) The mode can be calculated from the median.
• C) The cost of a "typical" house in this neighbourhood is $150,000.
• D) The mean does not reflect the true housing cost in this neighbourhood.

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Definitions:

Compliance Officers

Professionals responsible for ensuring that organizations adhere to legal standards and internal policies.

Indigents

Individuals lacking in basic resources such as food, clothing, and shelter due to poverty.

Social Security Amendments

Changes or modifications made to the laws governing social security, aimed at updating, improving, or expanding benefits provided to citizens.

Medicaid

A government health insurance program in the United States that provides health care coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.