A Random Variable X Is Normally Distributed with a Mean

question 21

True/False

A random variable X is normally distributed with a mean of 175 and a standard deviation of 50.Given that X = 150,its corresponding Z- score is -0.50.

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Definitions:

Tax

A required financial contribution or alternative type of tax enforced on a taxpayer by a governing body to support government expenditure and assorted public outlays.

Tax Revenue

Money earned by governments through taxation, intended for the financing of public amenities and meeting governmental commitments.

Government

The governing body of a nation, state, or community, responsible for regulation, public policy, and administration of state affairs.

Consumer Surplus

The gap between what consumers are prepared to pay for a product or service and what they end up spending.