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What percentage of z-scores in the standard normal distribution are greater than z = -1.03?
Subprime Mortgage
A type of home loan provided to individuals with poor credit histories, which carries a higher risk of default and higher interest rates.
2008 Financial Crisis
A global financial downturn triggered by the collapse of the housing bubble in the United States, leading to widespread economic contraction, failures of major banks and financial institutions, and significant government interventions.
Housing Bubble
A situation in real estate markets characterized by high demand, low supply, and inflated prices that eventually lead to a sharp decline.
Hurricane Katrina
A devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, especially affecting New Orleans and surrounding areas.
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