Explain Why the Two Probabilities Are Identical for the Standard $\operatorname { Pr } ( - 1.96 \leq X \leq 1.96 ) \text { and } \operatorname { Pr } ( - 1.96 < X < 1.96 )$

question 40

Essay

Explain why the two probabilities are identical for the standard normal distribution:
$\operatorname { Pr } ( - 1.96 \leq X \leq 1.96 ) \text { and } \operatorname { Pr } ( - 1.96 < X < 1.96 )$

Understand the impact of external factors (like an increase in the price of raw materials) on supply and demand.

Grasp the concept of quantity demanded and quantity supplied and how they change with price movements.

Understand the relationship between complement goods and their impact on market demand and supply.

Interpret economic tables and charts to extract relevant information about market conditions.

---

Definitions:

Social Networks

The structures made up of individuals or organizations that are connected by one or more specific types of interdependency, such as friendship, kinship, common interest, or economic exchange.

Bureaucracy

A system of government or business with many complicated rules and ways of doing things, often involving multiple levels of administration and a strict hierarchy.

Primary Groups

Social groups, such as family and close friends, characterized by intimate, face-to-face association and cooperation.

Norms

Socially accepted rules or standards that dictate expected behavior in specific situations or groups.