A Standard Normal Distribution Has the Following Characteristics

question 30

Multiple Choice

A standard normal distribution has the following characteristics:

• A)the mean and the variance are both equal to 1
• B)the mean and the variance are both equal to 0
• C)the mean is equal to the variance
• D)the mean is equal to 0 and the variance is equal to 1
• E)the mean is equal to the standard deviation

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Definitions:

Units of X

A measure or quantity of something, especially as a standard for measurement of the same items.

Income

The money received by an individual or business in exchange for labor, services, or investment, constituting the financial gain derived from various sources over a period of time.

Budget Line

A graphical representation of all possible combinations of two goods or services that a consumer can purchase at given prices within his or her budget constraint.

Commodity 1

A basic good used in commerce that is interchangeable with other goods of the same type.