A Variable X Has a Mean, µ, of 19

question 149

Multiple Choice

A variable x has a mean, µ, of 19.5 and a standard deviation, Ϭ, of 5.9. Determine the z-score corresponding to an observed value for x of 29.9. Round your final answer to two decimal places.

• A)1.23
• B)-1.76
• C)1.76
• D)8.37

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Definitions:

Diseconomies

Negative effects on costs that occur as a business expands, typically resulting from inefficiencies that stem from managerial and operational challenges.

Expansion Path

A curve in input space showing how the optimal mix of inputs changes as the firm expands output.

Fixed Proportion

Refers to a production process where inputs must be used in strict, unchanging ratios to produce an output.

Capital

Assets used for the production of goods and services, such as buildings, machinery, and equipment.