According to the Empirical Rule, If the Data Form a "Bell-Shaped

question 40

Multiple Choice

According to the empirical rule, if the data form a "bell-shaped" normal distribution, _______
Percent of the observations will be contained within 3 standard deviations around the arithmetic
Mean.

• A) 68.26
• B) 75.00
• C) 95.0
• D) 99.7

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Definitions:

World Price

The international market price of a good or service, influenced by global supply and demand conditions.

Domestic Supply

The total amount of goods and services provided by a country's own economy without importing from other countries.

Imported

Describes goods or services brought into one country from another for sale, usually regulated by import quotas and tariffs.

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a reduced cost per unit of output.