Statement I: Over 99% of All Banks Are Members of the FDIC

question 139

Multiple Choice

Statement I: Over 99% of all banks are members of the FDIC.
Statement II: The savings and loan debacle had its origins in the late 1980s.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Skewness

Skewness is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean, indicating whether the data distribution leans to the left or the right.

Data Skewed

Describes data that is not symmetrically distributed, typically shifted towards either the left or right, affecting the dataset's mean, median, and mode.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.

Average Donation

The mean amount given by donors, calculated by dividing the total amount of donations by the number of donors.