Here Are Some Summary Statistics for All of the Runners

question 130

Multiple Choice

Here are some summary statistics for all of the runners in a local 12 kilometre race: slowest time = 131 minutes,mean = 77 minutes,median = 77 minutes,range = 101 minutes,IQR = 58,Q1 = 31,standard deviation = 15 minutes.Is the distribution symmetric,skewed to the left,or skewed to the right? Explain.

• A)Skewed to the left,mean higher than median.
• B)Skewed to the right,mean lower than median.
• C)Symmetric,mean same as median.
• D)Skewed to the left,mean lower than median.
• E)Skewed to the right,mean higher than median.

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Definitions:

Cash Outflows

The total amount of money being spent by a business, commonly on expenses like rent, materials, payroll, and other operational costs.

Cash Inflows

Cash inflows refer to the money received by a business from its operating, investing, and financing activities.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Internal Rate

The rate of return that makes the net present value of all cash flows from a particular project equal to zero.