Given That Z Is a Standard Normal Random Variable, What

question 121

Multiple Choice

Given that z is a standard normal random variable, what is the value of z if the area to the left of z is 0.2345?

• A) -0.72
• B) 0.28
• C) 0.72
• D) -0.28

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Definitions:

Representation Heuristic

A cognitive shortcut in which judgments are made based on how much one thing resembles another.

Elimination by Aspect

A decision-making process where options are eliminated based on the absence of desired characteristics.

Anchoring with Adjustment

A cognitive heuristic where an individual bases their initial estimate or decision on an initial value (anchor) and makes adjustments from that point to reach a conclusion.

Us vs. Them Heuristic

A cognitive bias that categorizes individuals or groups into an 'in-group' or an 'out-group,' influencing social behavior and decision making.