(a) Transaction accounts, which include checking, savings, and money market accounts, are the most commonly held type of financial asset. The mean value of transaction accounts per household was $270,000, and the median value was $94,500. Which statement explains the differences between the two measures of center? The distribution of the value of transaction accounts is a uniform distribution. The distribution of the value of transaction accounts is a right-skewed distribution. The distribution of the value of transaction accounts is an approximately symmetrical distribution. O The distribution of the value of transaction accounts is a left-skewed distribution. (b) The mean value of retirement accounts per household, which includes Individual Retirement Account (IRA) balances

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bution.
The distribution of the value of transaction accounts is an approximately symmetrical distribution.
O The distribution of the value of transaction accounts is a left-skewed distribution.
(b) The mean value of retirement accounts per household, which includes Individual Retirement Account (IRA) balances
and certain employer-sponsored accounts, was $94,500, but the median value was $0. What does a median of $0 say about
the percentage of households with retirement accounts?
O At least 75% of households have a retirement account.
O There is not enough information to make any reliable estimate on the percentage of households with retirement
аccounts.
O Approximately 50% of households have a retirement account.
O At least 50% of households do not have a retirement account.
Question Source: Moore, The Basic Practice Of Statistics, 8e | Publisher: W.H. Freem
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Transcribed Image Text:bution. The distribution of the value of transaction accounts is an approximately symmetrical distribution. O The distribution of the value of transaction accounts is a left-skewed distribution. (b) The mean value of retirement accounts per household, which includes Individual Retirement Account (IRA) balances and certain employer-sponsored accounts, was $94,500, but the median value was $0. What does a median of $0 say about the percentage of households with retirement accounts? O At least 75% of households have a retirement account. O There is not enough information to make any reliable estimate on the percentage of households with retirement аccounts. O Approximately 50% of households have a retirement account. O At least 50% of households do not have a retirement account. Question Source: Moore, The Basic Practice Of Statistics, 8e | Publisher: W.H. Freem | help about us privacy policy terms of use contact us careers D00 000 F4 F10 F11 FI2 F5 F6 F7 F8 F9
Question 9 of 10 >
Once every three years, the Board of Governors of the Federal Reserve System collects data on household assets and
liabilities through the Survey of Consumer Finances (SCF). Some results from the 2013 survey are provided.
(a) Transaction accounts, which include checking, savings, and money market accounts, are the most commonly held type
of financial asset. The mean value of transaction accounts per household was $270,000, and the median value was
$94,500. Which statement explains the differences between the two measures of center?
O The distribution of the value of transaction accounts is a uniform distribution.
O The distribution of the value of transaction accounts is a right-skewed distribution.
O The distribution of the value of transaction accounts is an approximately symmetrical distribution.
O The distribution of the value of transaction accounts is a left-skewed distribution.
(b) The mean value of retirement accounts per household, which includes Individual Retirement Account (IRA) balances
ond oortoin omplover ononcorad o0onta
w 4 500 but the mndion volua wog CO What doog o modion of C0aOU obout
Question Source: Moore, The Basic Practice Of Statistics, 8e | Publisher: W.H. Freemar
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Transcribed Image Text:Question 9 of 10 > Once every three years, the Board of Governors of the Federal Reserve System collects data on household assets and liabilities through the Survey of Consumer Finances (SCF). Some results from the 2013 survey are provided. (a) Transaction accounts, which include checking, savings, and money market accounts, are the most commonly held type of financial asset. The mean value of transaction accounts per household was $270,000, and the median value was $94,500. Which statement explains the differences between the two measures of center? O The distribution of the value of transaction accounts is a uniform distribution. O The distribution of the value of transaction accounts is a right-skewed distribution. O The distribution of the value of transaction accounts is an approximately symmetrical distribution. O The distribution of the value of transaction accounts is a left-skewed distribution. (b) The mean value of retirement accounts per household, which includes Individual Retirement Account (IRA) balances ond oortoin omplover ononcorad o0onta w 4 500 but the mndion volua wog CO What doog o modion of C0aOU obout Question Source: Moore, The Basic Practice Of Statistics, 8e | Publisher: W.H. Freemar about us privacy policy terms of use contact us help careers
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