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:

Legal Fees

Costs incurred for legal services, which can sometimes be deductible on a tax return depending on the nature of the legal issue.

Casualty Loss

A casualty loss is a sudden, unexpected, or unusual loss of property resulting from events like natural disasters, accidents, or theft, which can be deductible under certain conditions for tax purposes.

Non-recognition

A tax principle allowing certain transfers or exchanges of property to occur without immediate tax consequences.

Involuntary Conversion

A forced change of property ownership or destruction, such as through theft or natural disaster, that may have tax implications.