Assume That X Has a Normal Distribution, and Find the Indicated

question 162

Multiple Choice

Assume that X has a normal distribution, and find the indicated probability.
-The mean is $\mu = 60.0$ and the standard deviation is $\sigma = 4.0$ . Find the probability that $X$ is less than $53.0$ .

• A)0.9599
• B)0.0802
• C)0.5589
• D)0.0401

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Definitions:

People's Incomes

The total earnings received by individuals from all sources, including wages, salaries, benefits, and investment income.

Crowding-out Effect

A situation where increased government spending leads to a reduction in private sector spending and investment, often due to higher interest rates.

Government Expenditures

The total amount spent by the government on various services, including healthcare, education, and infrastructure.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.