Question

He monthly sales of furniture stores in Dubai were collected and summarized. The mean and the median of the monthly sales are 130,000 AED and 170,000 AED respectively. The distribution of the monthly sales is
symmetrical.

none of the above.

positively skewed.

negatively skewed.

Answer 1

Given:

The mean and the median of the monthly sales are 130,000 AED and 170,000 AED respectively.

To find:

The distribution of the monthly sales.

Solution:

We know that,

For symmetrical distribution, mean is equal to median.

For positively skewed distribution, mean is greater than median.

For negatively skewed distribution, mean is less than median.

We have,

Mean of the monthly sales =  130,000 AED

Median of the monthly sales = 170,000 AED

Here, Mean is less than the median because 130,000 < 170,000.

Therefore, the distribution is negatively skewed. Hence, the correct option is D.