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Suppose Z Has a Standard Normal Distribution with a Mean

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Short Answer

Suppose Z has a standard normal distribution with a mean of 0 and standard deviation of 1.The probability that Z values are larger than is 0.3483.


Definitions:

Lognormal Distribution

A continuous probability distribution of a random variable whose logarithm is normally distributed.

Joint Probability Distribution

A statistical measure that gives the likelihood of two or more events occurring simultaneously and the relationship between them.

Random Variables

A mathematical representation of a quantitative variable whose value depends on outcomes of a random phenomenon.

Continuous Probability Distribution

A type of probability distribution where the possible outcomes form a continuous range, and probabilities are assigned over intervals rather than distinct events.

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