Which Statement Is True

question 141

Multiple Choice

Which statement is true?

• A)With nominal data we can find the mode.
• B)Outliers distort the mean but not the standard deviation.
• C)Business and economic data are rarely skewed to the right.
• D)If we sample a normal population, the sample skewness coefficient is exactly 0.

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Definitions:

Risk

The possibility of loss, damage, or any other undesirable event.

Return

The profit or loss derived from an investment over a particular period, expressed either in percentage or absolute terms.

Tradeoff

A decision situation that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects.

Standard Deviation

A measure of the dispersion or variability in a set of data points, indicating how much the observations differ from the mean of the data set.