If the Mean,median,and Mode for a Given Population All Equal

question 47

Multiple Choice

If the mean,median,and mode for a given population all equal 25,then we know that the shape of the distribution of the population is ____________.

• A)Bimodal
• B)Skewed to the right
• C)Symmetrical
• D)Skewed to the left

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Definitions:

Contestable

A market characteristic where there are no barriers to entry or exit, allowing potential competition to challenge existing firms, keeping prices competitive.

Market

A market is any structure that allows buyers and sellers to exchange any type of goods, services, and information.

Highly Concentrated

A market or industry situation where a small number of firms hold a large market share, potentially leading to less competition.

Smart Phone Industry

The sector of the economy that is involved in the development, production, and sale of smartphones.