Derby Stables Writes a Check to Extendo Credit,Inc

question 14

Multiple Choice

Derby Stables writes a check to Extendo Credit,Inc.,that is drawn on Derby's account at Farm & Ranch Bank.If the bank does not accept the check,liability for its amount is on

• A)Derby.
• B)Extendo.
• C)Farm & Ranch.
• D)the holder of the check.

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Definitions:

Kurtosis

A statistical measure that describes the shape of a distribution's tails in comparison to a normal distribution.

Distribution

The way in which something is shared out among a group or spread over an area, often referring to the statistical spread of values in a dataset.

Negatively Skewed

Describes a distribution of data where the tail is longer on the left side of the distribution's peak, indicating most values are high and few are low.

Tail

The far end portions of a distribution curve where the likelihood of values occurring becomes smaller; in skewed distributions, one tail may be longer than the other.