Which of the Following Questions or Statements Regarding Medical School

question 46

Multiple Choice

Which of the following questions or statements regarding medical school is normative?

• A)How do changes in expected future incomes affect the decisions of medical students about which specialty to choose?
• B)Medical students who enter specialised fields make a larger contribution to society than do student who enter primary care.
• C)What role does tuition play in a student's decision about whether to attend medical school?
• D)Have tuition increases had a large effect or a small effect on the number of applications to medical school?

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Definitions:

Fat Tails

Refers to the occurrences of extreme movements in stock prices or higher than normal risks in investments, which lead to heavy tails in a probability distribution.

Kurtosis

Measure of the fatness of the tails of a probability distribution. Indicates probability of observing extreme high or low values.

Skewness

A measure of the asymmetry of the probability distribution of a real-valued random variable about its mean.

Tail Risk

Risk of extreme events in the far tail of the probability distribution.