In a Standard Normal Distribution, the

question 99

Multiple Choice

In a standard normal distribution, the

• A) mean and the standard deviation are both 1.
• B) mean is 0 and the standard deviation is 1.
• C) mean is 1 and the standard deviation is 0.
• D) mean and the standard deviation can have any value.

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Definitions:

Discretionary Purchases

Expenditures on goods or services that are non-essential and made at the discretion of the consumer based on personal wants rather than needs.

Consumer Confidence

A measure of the overall economic optimism of consumers based on their spending and saving behaviors.

Economic Health

An assessment of the overall status and functioning of an economy, typically measured by indicators such as GDP, unemployment rates, and inflation.

Consumer Purchase Behaviour

The decision-making processes and acts of individuals involved in buying and using products.