A Study on the Average Minutes Spent by Students on Internet

question 41

Essay

A study on the average minutes spent by students on internet usage is 300 with a standard deviation of 102. Answer the following questions assuming a bell-shaped distribution and using the empirical rule.
a. What percentage of students use internet for more than 402 minutes?
b. What percentage of students use internet for more than 504 minutes?
c. What percentage of students use internet between 198 minutes and 300 minutes?

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Definitions:

Real Rates

Interest rates or rates of return that have been adjusted for inflation.

Gordon Growth Model

The Gordon Growth Model is a method to determine the intrinsic value of a stock based on a future series of dividends that grow at a constant rate.

Fisher Effect

An economic theory that describes the relationship between inflation and both real and nominal interest rates.

Real Rate of Return

The annual percentage profit earned on an investment, adjusted for changes in prices due to inflation or other external effects.