Which of the Following Distributions Is Positively Skewed

question 54

Multiple Choice

Which of the following distributions is positively skewed?
I. Normal distribution
II. Uniform distribution
III. Lognormal distribution
IV. Exponential distribution

• A) I only
• B) II only
• C) III only
• D) IV only
• E) Only III and IV

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Definitions:

Highly Elastic

Describes a situation where the supply or demand for a product or service changes significantly in response to changes in price.

Per-Unit Subsidy

A government payment made for each unit of a product produced or sold, aimed at reducing the price or encouraging production.

Sales Tax

A tax imposed by government authorities on the sale of goods and services, typically calculated as a percentage of the purchase price.

Regressive Tax

A tax system where the tax rate decreases as the taxable amount increases, placing a heavier burden on lower-income individuals.