The Mean of a Standard Normal Probability Distribution _____

question 25

Multiple Choice

The mean of a standard normal probability distribution _____.

• A) is always equal to 1
• B) can be any value as long as it is positive
• C) can be any value
• D) None of the answers is correct.

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Definitions:

Equilibrium Price

The selling rate at which the number of products on offer is the same as the number of products wanted.

Equilibrium Quantity

The quantity of a product or service at which the quantity supplied is equal to the quantity demanded at the market price.

Equilibrium Price

The price at which the quantity of a product offered for sale by producers equals the quantity that consumers are willing to buy.

Equilibrium Quantity

The amount of goods or services supplied equals the amount demanded at the market equilibrium price.