The Los Angeles Times (July 17, 1995) reported that for a sample of 364 lawsuits in which

Question:

The Los Angeles Times (July 17, 1995) reported that for a sample of 364 lawsuits in which punitive damages were awarded, the median damage award was $ 50,000, and the mean was $ 775,000. What does this suggest about the of values in the sample?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...