When a Distribution Is Positively Skewed,____________

question 63

Multiple Choice

When a distribution is positively skewed,____________.

• A)standard deviation overestimates risk
• B)standard deviation correctly estimates risk
• C)standard deviation underestimates risk
• D)the tails are fatter than in a normal distribution
• E)none of the above

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Definitions:

Production

The process of creating goods and services to satisfy consumer demand.

Fair

An event characterized by the exhibition and sale of goods or the display of entertainment, or the adherence to equitable principles in judgments and treatments.

Collective Decision Making

The process in which a group, rather than an individual, makes a choice or judgment after considering various alternatives.

Economic Questions

Fundamental queries regarding how societies allocate scarce resources to produce goods and services for consumption, including what, how, and for whom to produce.