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Question:
A distribution is characterized by large infrequent losses and small frequent gains. Which of the following is most likely?
A
The distribution is negatively skewed, and its mean is lower than its median.
explanation
The tail of the distribution is elongated on the lower or the left side, so it is a negatively skewed distribution. For such distributions, the mean is lower than the median, which itself is less than the mode.
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