A Larger Ratio of the Largest Value to the Smallest

question 8

Multiple Choice

A larger ratio of the largest value to the smallest value indicates

• A) an outlier in the data set.
• B) a lesser variation in the data set.
• C) a greater variation in the data set.
• D) an outlier on the opposite side of the distribution.

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Definitions:

Probate

A legal process that deals with the assets and debts of a deceased person, ensuring proper distribution according to the will or the law.

Resided

To have been domiciled or located in a particular place.

Trust's Principal

The original assets placed into a trust by the grantor, excluding any income or appreciation generated by those assets.

Investment Costs

Investment costs include all the expenses associated with acquiring an asset, including purchase price, broker fees, setup costs, and any other costs necessary to bring the asset to a usable state.