(I If the Mean of a Frequency Distribution Is Smaller

question 51

Multiple Choice

(i. If the mean of a frequency distribution is smaller than the median and mode, the Pearson's coefficient of skewness would be negative. (ii) The only time the variance equals the standard deviation is when both equal 1.
(iii) According to the Empirical Rule, 90 percent of the observations lie within plus and minus one standard deviation of the mean.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements, but not (i).
• E) (i), (ii) and (iii) are all false statements.

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Definitions:

Loanable Funds

The money available for borrowing in the financial markets, determined by savings and investments.

Savers

Individuals or entities that set aside a portion of current income for future use, often by depositing money in savings accounts or investing in securities.

Inflation Rate

The speed at which the overall price level of goods and services increases, leading to a decrease in purchasing power.

Nominal Interest Rate

The interest rate expressed in terms of annual amounts currently charged for interest and not adjusted for inflation.