I Collected Some Data About How Much Buyers of My

question 4

Multiple Choice

I collected some data about how much buyers of my book liked it (on a scale of 1 = it's utter rubbish to 10 = I never read anything else) . I ended up with a sample of 15,467 people. When I looked at the distribution, I found a skew of 1.23 (SE = 0.65) . The mean rating was 4.78. What is the z-score for the skew of my data?

• A) 1.89
• B) 0.53
• C) -3.92
• D) 3.36

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Definitions:

Inferior Good

An Inferior Good is a type of good whose demand decreases as the income of consumers increases, contrasting with normal goods.

Income

This is the financial gain (money) earned by an individual or entity, usually over a period of time, through work, investments, or business ventures.

Demand

The total amount of a good or service that consumers are willing and able to purchase at various prices during a specified period.

Complementary Goods

Products or services that are used together, where the use of one increases the value of the other.