Let X Have a Normal Distribution with a Mean of 49.2

question 53

Short Answer

Let x have a normal distribution with a mean of 49.2 and a standard deviation of 4.90.The z value for x = 56.05,rounded to two decimal places,is:

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Definitions:

Oil Price

The cost per barrel of crude oil, influenced by global supply and demand dynamics, geopolitical events, and market speculation.

Great Depression

A severe worldwide economic crisis that took place during the 1930s, marked by high unemployment, falling prices, and failed businesses, leading to widespread poverty.

U.S. Expansion

A phase in the economic cycle characterized by increased industrial and financial activity, leading to greater employment and output within the United States.

Base Period

A specific time period used as a reference point to measure changes in economic indicators or indexes.