A Random Variable Is Normally Distributed with a Mean of 25

question 99

Multiple Choice

A random variable is normally distributed with a mean of 25 and a standard deviation of 5. If an observation is randomly selected from the distribution, what value will 15% of the observations be below?

• A) 19.8
• B) 16.2
• C) 18.7
• D) 17.2

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Definitions:

Lower Fares

Reduced charges for services, particularly in transportation, such as airfares or bus tickets, making travel more affordable.

Elastic Demand

A condition where the quantity demanded of a good or service changes significantly as its price changes.

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Individuals who are engaged in the pursuit of education, typically at schools, colleges, or universities.

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A venue equipped for projecting films for public entertainment, where audiences can watch movies on a large screen.