Given That Z Is a Standard Normal Random Variable, What

question 57

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 0.9582?

• A) -1.7
• B) 1.7
• C) 0.7
• D) -0.7

---

Definitions:

Factor Market

The marketplace for services of factors of production (like labor, land, and capital) where firms buy resources needed to produce goods and services.

Electricians

Skilled workers specialized in installing, maintaining, and repairing electrical systems and equipment.

Demand for Labor

The total amount of workers that employers want to hire at a given wage rate.

Holiday Season

A period typically characterized by increased consumer spending and commercial activity, often occurring near the end of the calendar year and associated with various religious and cultural celebrations.