If a Distribution Is Normal with μ = 50 and σ

question 42

Multiple Choice

If a distribution is normal with μ = 50 and σ = 10, then what proportion of the scores will fall between 30 and 70?

• A).9544
• B).3413
• C).6826
• D).9974

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Definitions:

Imperfectly Competitive

A market situation where individual producers or consumers have some control over the price of goods and services, contrary to perfect competition.

Locally Owned

Businesses that are owned, operated, and controlled within a local area or community.

Burger King

A global chain of fast food restaurants specializing in hamburgers, known for its signature Whopper burger.

Imperfect Competition

Imperfect competition is a market structure where the conditions necessary for perfect competition are not met, leading to price and output decisions that are influenced by individual firms.