If the Coefficient of Skewness Is Equal to Zero,the Shape

question 13

Multiple Choice

If the coefficient of skewness is equal to zero,the shape of the distribution is ________.

• A)negatively skewed
• B)symmetric
• C)positively skewed
• D)unknown

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Definitions:

Average Variable Cost

The variable cost per unit of output, which includes costs that vary with production, such as materials and labor.

Economic Profit

The net outcome of subtracting all expenses, both overt and hidden, from a corporation's aggregate earnings.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting the firm's ability to adjust to changes in market demand or supply.

Quantity

The amount or number of a material or immaterial good that is considered as a unit or an aggregate.