If the Population from Which We Sample Is Highly Skewed

question 78

Short Answer

If the population from which we sample is highly skewed to the right or to the left,then the population _________ might be a better measure of central tendency than the population mean

---

Definitions:

Pre-Reconciliation Cash Balance

The initial cash balance reported before adjustments are made for reconciling items in the preparation of a bank reconciliation.

Outstanding Checks

Checks that have been written and recorded in the issuer's account but have not yet been cashed or deposited by the recipient.

Bank Service Charges

Fees charged by a bank to its customers for account maintenance and other banking services.

NSF Check

A check that has been returned by a bank because it cannot be cashed due to insufficient funds in the account it was drawn against.