Which of the Following Statements Is True When Comparing the Log

question 30

Multiple Choice

Which of the following statements is true when comparing the log normal distribution to the normal distribution?

• A) the log normal distribution has a higher mean and standard deviation
• B) the log normal distribution has negative skewness
• C) the log normal distribution has negative skewness and high standard deviation
• D) the log normal distribution has positive skewness

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Definitions:

Neiman Marcus

is a luxury department store chain in the United States known for its high-end clothing, accessories, and home furnishings.

Milan

A city in Italy, known for its significant influence in fashion, design, and finance sectors.

Freight-Absorption Pricing

A pricing strategy where the seller absorbs all or part of the freight charges to make their product more attractive to distant buyers.

FOB Absorption Pricing

A pricing strategy where the seller absorbs all or part of the freight charges to deliver goods, making the price including transportation costs.