Author Question: What does the relation between the mean and median indicate about the shape of the data? What ... (Read 65 times)

JMatthes · **on:** Jun 24, 2018

What does the relation between the mean and median indicate about the shape of the data?

What will be an ideal response?

Question 2

In using finance models we must be aware that caution and continuous clear observation and thinking cannot be replaced by models developed from past events.

Indicate whether the statement is true or false

dyrone · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

Since the mean is less than the median, this indicates that the distribution of the data is skewed to the left (negatively skewed).

Answer to Question 2

TRUE