Use the Following Information to Answer the Question $z=-1.05$

question 37

Multiple Choice

Use the following information to answer the question. The mean age of lead actors from the top ten grossing movies of 2007 was 36.4 years with a standard deviation of 9.87 years. Assume the distribution of the actors ages is approximately unimodal and symmetric.
-In 2007, popular actor and singer Justin Timberlake was 26-years-old. What is Justin Timberlake's age in 2007 if it is standardized? Would it be unusual for a 26-year-old actor to be in a Top-grossing film of 2007? Assume the Empirical Rule applies and round to the nearest hundredth.

• A) \( z=-1.05 \); It would not be unusual.
• B) \( z=1.05 \); It would be unusual.
• C) \( z=1.05 \); It would not be unusual.
• D) \( z=-1.05 \); It would be unusual.

Distinguish between different statistical measures (correlation coefficient, standard deviation, range, and mean) and their applications.

Understand the concept of statistical significance and its calculation.

Recognize the difference between cross-sectional and longitudinal studies and their purposes.

Understand the concept of consumer surplus and its calculation.

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Definitions:

Intangibility

A characteristic of services that makes them unable to be seen, touched, or quantified before they are purchased and used.

Service Inconsistency

The variation in the quality or level of service provided to customers over different instances of service delivery.

Selective Distribution

Selective distribution is a strategy where a product is distributed through a limited number of channels or retailers, allowing for a focus on high-quality service or market positioning.

Comparison Shop

The practice of comparing prices and features of similar products or services before making a purchase decision.