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Author Question: What does the relation between the mean and median indicate about the shape of the data? What ... (Read 59 times)

JMatthes

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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


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dyrone

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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


JMatthes

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
:D TYSM

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