If a Particular Set of Data Is Approximately Normally Distributed

question 8

Multiple Choice

If a particular set of data is approximately normally distributed, we would find that
Approximately

• A) 2 of every 3 observations would fall between 1 standard deviation around the mean.
• B) 4 of every 5 observations would fall between 1.28 standard deviations around the mean.
• C) 19 of every 20 observations would fall between 2 standard deviations around the mean.
• D) All the above.

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Definitions:

Rebate

A partial refund given to someone who has paid too much for tax, rent, or a utility.

Mailbox Rule

The mailbox rule is a legal principle that an offer is considered accepted once the acceptance is properly placed in the mail, even if it is lost or delayed.

Effective Upon Dispatch

Effective upon dispatch refers to the principle that certain actions, such as the sending of a notification or document, are considered effective from the moment they are sent, not when they are received.

Reasonable Expectation

refers to what an average person might foresee or predict as a likely outcome under certain circumstances, often used as a standard in legal and ethical considerations.