Z Is a Standard Normal Random Variable

question 14

Multiple Choice

Z is a standard normal random variable. The P(-1.5 < Z < 1.09) equals

• A)0.4322
• B)0.3621
• C)0.7953
• D)0.0711

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Definitions:

Consumers

Individuals or groups that purchase goods and services for personal use.

Pencil Sharpeners

Devices used to sharpen pencils by shaving away their worn surfaces.

Total Surplus

The combined benefit to all parties involved in a transaction, equal to the sum of consumer and producer surplus.