Scores on an English Test Are Normally Distributed with a Mean

question 38

Multiple Choice

Scores on an English test are normally distributed with a mean of 37.4 and a standard deviation of 7.9. Find the score that separates the top 59% from the bottom 41%

• A) 42.1
• B) 35.6
• C) 39.2
• D) 32.7

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Definitions:

Willingness to Pay

The maximum amount a consumer is prepared to spend on a good or service, reflecting the perceived value of the good or service to the consumer.

Next-Best Alternative

The best option available to someone after the top choice is taken away, frequently referenced in the context of opportunity cost.

Willie Nelson

A renowned American musician, actor, and activist, known for his contributions to country music.

Consumer Surplus

The split between the sum consumers are willing to pay for a good or service and the sum they finally pay.