Please explain why...do not just give me the answer. In December of 1999, a rese

Question

Please explain why...do not just give me the answer.
In December of 1999, a research team at Ohio State Universityreported that the median allowance for U.S. teenagers is $50 perweek, with a coefficient of skewness (as calculated in class) of0.762. While some teenagers received no allowance, others reportedreceiving $200 per week. Based on this information, the meanallowance for U.S. teenagers is most likely a. $50.
b. Less than $50. c. More than $50. d. Impossible to determine without more information. Please explain why...do not just give me the answer.
In December of 1999, a research team at Ohio State Universityreported that the median allowance for U.S. teenagers is $50 perweek, with a coefficient of skewness (as calculated in class) of0.762. While some teenagers received no allowance, others reportedreceiving $200 per week. Based on this information, the meanallowance for U.S. teenagers is most likely a. $50.
b. Less than $50. c. More than $50. d. Impossible to determine without more information.

Explanation / Answer

Well the skew coefficient is positive which tells us that themean is greater then the median. If the case is that themedian is $50 then our mean would have to be greater then $50. So the CorrectAnswer is C. Hope this helps Good Luck

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