Which of the Following Statements Is Not a Property of the Normal

question 163

Multiple Choice

Which of the following statements is not a property of the normal curve?

• A) symmetric about \(\mu\)
• B) \(P ( \mu - 3 \sigma < x < \mu + 3 \sigma ) \approx .997\)
• C) \(P ( \mu - \sigma < x < \mu + \sigma ) \approx .95\)
• D) mound-shaped (or bell shaped)

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Definitions:

Price Level

The average cost across all sectors of goods and services produced in the economy.

Percent

A mathematical term describing a fraction or ratio as parts per hundred, used to indicate proportions and changes in quantities.

Deflation

A decline in the general price level of goods and services, often indicating a reduction in the supply of money and credit in the economy.

Purchasing Power

Purchasing power refers to the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.