Here Is a Histogram of the Assets (In Millions of Dollars)of

question 45

Multiple Choice

Here is a histogram of the assets (in millions of dollars) of 71 companies.What aspect of this distribution makes it difficult to summarize,or to discuss,the centre and spread? What could be done with these data to make it easier to discuss the distribution?

• A)The distribution of assets of the 71 companies is heavily skewed to the right.The vast majority of the companies have assets represented in the first bar of the histogram,0 to 4000 dollars.This makes the discussion of the distribution meaningless.Re-expressing these data using logs or square roots might make the distribution nearly symmetric,and a meaningful discussion of centre and spread might be possible.
• B)The distribution of assets of the 71 companies is heavily skewed to the left.The vast majority of the companies have assets represented in the first bar of the histogram,0 to 4 billion dollars.This makes the discussion of the distribution meaningless.Re-expressing these data using logs or square roots might make the distribution nearly symmetric,and a meaningful discussion of centre and spread might be possible.
• C)The distribution of assets of the 71 companies is heavily skewed to the right.The vast majority of the companies have assets represented in the first bar of the histogram,0 to 4 billion dollars.This makes the discussion of the distribution meaningless.Re-expressing these data using logs or squares might make the distribution nearly symmetric,and a meaningful discussion of centre and spread might be possible.
• D)The distribution of assets of the 71 companies is heavily skewed to the right.The vast majority of the companies have assets represented in the first bar of the histogram,0 to 4000 dollars.This makes the discussion of the distribution meaningless.Re-expressing these data using logs or squares might make the distribution nearly symmetric,and a meaningful discussion of centre and spread might be possible.
• E)The distribution of assets of the 71 companies is heavily skewed to the right.The vast majority of the companies have assets represented in the first bar of the histogram,0 to 4 billion dollars.This makes the discussion of the distribution meaningless.Re-expressing these data using logs or square roots might make the distribution nearly symmetric,and a meaningful discussion of centre and spread might be possible.

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Definitions:

Conventional Social Science Techniques

Traditional methods used in social science research, including surveys, interviews, observations, and statistical analysis.

Symbolic Interaction

A sociological perspective focusing on how individuals interpret and give meaning to symbols within social interactions.

Relative Advantages

The benefits or superiority of a product, idea, or method compared to others from the perspective of a specific user or group.

Symbolic Interaction

A sociological perspective emphasizing how individuals interpret and give meaning to social interactions and symbols in their everyday lives.