On a given day the NYSE opening price per share for the 100 largest U.S. corporations has a mean of $385 and a median of $92. We can conclude A. The distribution of the price per share is symmetric, B. The distribution of the price per share is skewed to the right or is it skewed to the left, C. There must be a mistake: there is too large of a discrepancy between the mean and the median?
To determine whether the distribution of the price per share is symmetric, skewed to the right, or skewed to the left, we need to compare the mean and the median.
In this case, the mean is $385 and the median is $92.
Since the mean is larger than the median, we can conclude that the distribution is skewed to the right. This means that there are some extremely high values that are pulling the mean upwards.
Therefore, the correct answer is B. The distribution of the price per share is skewed to the right.