A Professor Noted That the Grades of His Students Were

question 115

Multiple Choice

A professor noted that the grades of his students were normally distributed with a mean of 75.07 and a standard deviation of 11.65. If only 10 percent of the students received grades of A, what is the minimum score needed to receive an A?

• A) 80.00
• B) 85.00
• C) 90.00
• D) 95.00

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Definitions:

Socially Optimal Level

An economic condition where resources are allocated in a way that maximizes the overall benefit to society, considering both efficiency and equity.

Regulation

A rule or directive made and maintained by an authority.

Taxation

The process by which governments charge fees on individuals and corporations to fund public services and infrastructure.

Market Inefficiencies

Situations where resources are not distributed optimally in a market, often leading to a loss in economic or social value.