In a Distribution with a Mean of 100 and a Standard

question 19

Multiple Choice

In a distribution with a mean of 100 and a standard deviation of 15,the probability that a score will be 115 or higher is ______.

• A)506%
• B)84%
• C)16%
• D)34%

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Definitions:

Demand Curves

Graphs that depict the relationship between the price of a product and the quantity of the product that consumers are willing to purchase at that price.

Supply Curves

Graphical representations that show the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to offer for sale.

Equilibrium Quantity

The quantity of goods or services that is supplied equals the quantity demanded at the market equilibrium price, at which point there is no tendency for the market price to change.

Personal Income Tax

A tax levied on the income of individuals, which can vary based on income levels and types of income.