Which of the Following Is Not a Characteristic of the Lognormal

question 3

Multiple Choice

Which of the following is not a characteristic of the lognormal distribution?

• A)Some value is the most likely
• B)It is negatively skewed (above the mean more likely)
• C)Values cannot fall below zero
• D)Extreme values (high end only)are possible,but rare
• E)All of the above are characteristic of the lognormal distribution

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Definitions:

Salaries

Regular payments made to employees for their services, often expressed as an annual amount but payable in smaller increments such as monthly or biweekly.

Accounts Payable

Obligations owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Basic Accounting Equation

The fundamental equation representing the relationship between a company's assets, liabilities, and equity; Assets = Liabilities + Equity.

Assets

Resources owned by a company that have economic value and can be converted into cash.