If a Population Distribution Is Positively Skewed (I

question 85

Multiple Choice

If a population distribution is positively skewed (i.e.skewed to the right) ,then,given a random sample from that population,one would expect that the ______________.

• A)median would be greater than the mean
• B)mode would be equal to the mean
• C)median would never equal the mode
• D)median would be equal to the mean
• E)median would be less than the mean

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Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good supplied.

Vertical

Referring to the direction pointing up or down, perpendicular to the horizontal plane.

Inverse Demand Function

A mathematical function that expresses price as a function of quantity demanded, showing the price at which consumers are willing to purchase a certain quantity of a good.

Inverse Supply

A representation of the relationship where the price of a good influences the quantity supplied, typically showing higher quantities supplied at higher prices.