Refer to the Following Diagram Which Shows the Earnings Distribution

question 28

Multiple Choice

refer to the following diagram which shows the earnings distribution for a small hypothetical economy (all figures in thousands) .
-The number of persons with annual earnings between $50,000 and $70,000 is:

• A)1,000
• B)2,000
• C)4,000
• D)10,000

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Definitions:

Symmetric

Describes a shape or distribution that is mirrored evenly around its central point.

Central Location

A statistical term referring to the center or typical value of a distribution, often measured by the mean, median, or mode.

Ordinal

Relating to an order or sequence; typically referring to data that can be ranked but the intervals between values are not uniform.

Negatively Skewed

Describes a distribution of data where the tail on the left side of the distribution is longer or fatter, indicating that the bulk of the values are concentrated on the right.