What does the relation between the mean and median indicate about ...

[JMatthes]

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]

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]

Thanks for the timely response, appreciate it

[mochi09]

Wow, this really help