Whenever the Z Score Equation Is Used in Order to Calculate

question 95

Multiple Choice

Whenever the z score equation is used in order to calculate the mean, the mean must always be greater than the raw score

• A) when the raw score has a percentile value of less than 50
• B) when the raw score has a percentile value of greater than 50
• C) when the raw score is negative
• D) when the z score is positive

---

Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Pure Monopolist

A market structure where a single seller dominates, facing no competition in selling its products or services.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the firm's overall financial gain.

Excess Capacity

A situation where a company or economy can produce more goods than are being demanded, indicating underused resources.