Explanation

Geometric Mean = ∛(2 × 4 × 8)

= ∛64

= 4

Explanation

Specific death rate refers to the death rate calculated for a particular segment or subgroup of the population (e.g., by age, sex, cause).

It helps in understanding mortality patterns more precisely than the overall crude death rate.

Explanation

Mode is the value that occurs most frequently in a dataset.

It represents the most common or popular item in the data.

Explanation

A small standard deviation means the data is tightly clustered around the mean.

This results in a less spread out (narrower) normal distribution curve.

Explanation

The formula for calculating simple interest is: Interest = P * R * T.

P = Principal amount (the beginning balance).

R = Interest rate (usually per year, expressed as a decimal).

T = Number of time periods (generally one-year time periods).

Additional information:

Explanation

Step-by-step Solution:

Given numbers:

17, 13, 18, 17, 14, 18, 19, 17, 13, 16, 18, 20

1. Arrange in ascending order:

13, 13, 14, 16, 17, 17, 17, 18, 18, 18, 19, 20

2. Count the numbers:

Total = 12 (even number)

3. Median = average of the 6th and 7th terms:

6th term = 17, 7th term = 17

Median = (17 + 17) / 2 = 17

Explanation

For a leptokurtic distribution, β₂ > 3:

β₂ = μ₄ / μ₂² > 3

Given μ₂ = 3.5:

μ₄ / (3.5)² > 3

μ₄ > 3 × 12.25

μ₄ > 36.75

Explanation

Explanation

A Joint Venture Account is a Nominal Account.

A joint venture is an arrangement in which two or more parties agree to pool their resources for the purpose of a specific task or transaction. 

Explanation

A bimodal distribution has two modes, meaning two values occur with the highest and equal frequency.

It indicates the presence of two peaks in the data set.