If a Distribution of Scores Has a Mean of 50

question 118

Multiple Choice

If a distribution of scores has a mean of 50 and a standard deviation of 5, then a score of 70 has a z score that is _____ standard deviation(s) from the mean.

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as the market-clearing price.

Equilibrium Quantity

The measure of goods or services that are supplied and demanded at the price of equilibrium within a market setting.

Equilibrium Price

The transaction price at which the quantity of goods on the market meets the quantity buyers want to purchase.

Equilibrium Quantity

The quantity of a good or service at which quantity supplied equals quantity demanded in the market.