The range of prices of new condominium sales ranges from $145,000 to $2,376,000. Most of the prices are bunched together in mid to low $200,000. What does this suggest in terms of the shape of the distribution?
A) Negative kurtosis
B) Negative skewness
C) Positive kurtosis
D) Positive skewness

Question

Quizplus · Accepted Answer

The distribution is positively skewed because most prices are clustered at the lower end, with a long tail extending towards the higher prices.

The Range of Prices of New Condominium Sales Ranges from $145,000