Given That Z Is a Standard Normal Random Variable, What

question 64

Multiple Choice

Given that z is a standard normal random variable, what is the value of z if the area to the right of z is 0.5?

• A) 0.0000
• B) 1.0000
• C) 0.1915
• D) 0.3413

---

Definitions:

Utilitarian Theory

A theory in ethics and philosophy that actions are right if they are useful or for the benefit of a majority.

Teleological Theory

Refers to an ethical theory that the morality of an action is determined by its outcome or end result.

Profit Maximization Theory

A theory suggesting that the primary goal of a company is to increase its profits to the highest possible level within a given time period, subject to legal and market constraints.

Profit Maximization

The process or strategy of adjusting operations and decisions to achieve the highest possible profit.