In a Skewed Distribution,the Mathematical Center Is

question 13

Multiple Choice

In a skewed distribution,the mathematical center is

• A)the median,which is the point around which most of the scores tend to be located.
• B)the mode,which is the point around which most of the scores tend to be located.
• C)the mean,which is not the point around which most of the scores tend to be located.
• D)impossible to determine.

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Definitions:

Perfect Substitutes

Goods or services that can be used in place of each other with no loss of utility to the consumer.

Monotonic Transformation

A mathematical operation applied to a function that preserves the order of the data.

Utility Function

An equation that calculates the total utility a consumer gains from consuming a certain quantity of goods and services.

Indifference Curves

Graphical representations of all the combinations of goods and services that provide equal satisfaction to a consumer.