For the Given Data Value, Find the Standard Score and the Percentile

question 77

Multiple Choice

For the given data value, find the standard score and the percentile.
-A data value 0.6 standard deviations above the mean.

• A) \(z = 0.06\); percentile \(= 51.99\)
• B) \(\mathrm { z } = 0.6\); percentile \(= 72.57\)
• C) \(\mathrm { z } = 0.6\); percentile \(= 2.5\)
• D) \(\mathrm { z } = - 0.6\); percentile \(= 27.43\)

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Definitions:

Compounded Annually

A method of calculating interest where the calculated interest is added to the principal at the end of each year, subsequently affecting the calculation for the following year.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Annuity Due

A type of annuity payment where payments are made at the beginning of each period, instead of at the end, which is common in standard annuities.

Ordinary Annuity

A series of equal payments made at equal intervals over a period of time, with the first payment occurring at the end of the period.