Because Most Data Values Are on the Left, We Would

question 61

True/False

Because most data values are on the left, we would say that this dot plot (burglary rates per 100,000 persons in 350 U.S. cities) shows a distribution that is skewed to the left (negatively skewed).

---

Definitions:

Diminishing Marginal Returns

An economic principle stating that as one factor of production increases while others remain constant, the incremental gains in output will eventually decrease.

Input

Resources such as labor, materials, and capital used in the production of goods and services.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.

Output

The total quantity of goods or services produced by a firm or economy over a specific period.