A multimodal distribution is characterized by the presence of multiple peaks, or modes, in its frequency distribution. This means that instead of having a single peak (as in a unimodal distribution), a multimodal distribution can exhibit two peaks, three peaks, or even more. Therefore, the correct answer indicates that the number of peaks in a multimodal distribution is not limited to just two; it can be more than two.
In contrast, a distribution with only one peak is termed unimodal, while one with exactly two peaks is referred to as bimodal. The option indicating 'none' does not apply here since multimodal inherently implies the existence of peaks. Thus, the choice stating "more than two" appropriately captures the essence of multimodal distributions, which signifies that they can encompass a variety of peak counts, reinforcing the concept that multimodal refers to distributions with multiple modes.