Use the Data Given Below to Answer the Following Questions)

question 3

Multiple Choice

Use the data given below to answer the following questions) .
On an average, the number of students that choose to study Arts subjects at Greyin Tide University is 17 each year. Hint: Use Poisson distribution formula) .
-Which of the following is true of normal distributions?

• A) The mean, median, and mode are all equal.
• B) Its measure of skewness is always greater than 1.
• C) The range of the random variable X is bounded.
• D) Mathematical formulas make it easier to compute normal distributions.

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Definitions:

Equilibrium Price

The price point at which the quantity of goods supplied equals the quantity of goods demanded, resulting in a balance between supply and demand.

Producer Surplus

The gap between the amount producers are ready to accept for a good and the actual amount they end up receiving.

Demand for Tablets

The consumer's desire and willingness to pay for tablet computers, influenced by factors such as price, technology, and consumer preferences.

Supply of Tablets

Refers to the total quantity of tablet computers that producers are willing and able to sell at a given price level in a given time period.