If a Variable Is Normally Distributed,it Would Have Approximately

question 10

Multiple Choice

If a variable is normally distributed,it would have approximately:

• A)95 percent of the cases within 1 standard deviation around the mean
• B)47.5 percent of the cases between the mean and +2 standard deviations
• C)68 percent of the cases within 2 standard deviations around the mean
• D)68 percent of the cases between the mean and -1 standard deviation

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Definitions:

Legal Maximum

A legally established upper limit on the price that can be charged for a good or service.

Good Sold

A product that has been sold to a customer, transferring ownership from the seller to the buyer.

Binding Price Ceiling

A Binding Price Ceiling is a government-imposed limit on the price charged for a product or service that is set below the market equilibrium, leading to shortages.

Treadmills

Exercise equipment designed for walking or running in place, often used in fitness routines to improve cardiovascular health.