In a Normal Distribution with a Standard Deviation of 8

question 11

Multiple Choice

In a normal distribution with a standard deviation of 8 , the number 25 has a standardized value of -2.5 . What is the 84^th percentile P₈₄ of this normal distribution?

• A) 45
• B) 53
• C) 62
• D) 84
• E) None of the above.

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Definitions:

Future Value

Future value is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Single Amount

A lump-sum value; referring to a financial transaction or an accounting entry that involves only one amount rather than multiple payments or amounts.

Concept

An abstract idea or a general notion representing something, often used as a foundational principle or theory.

Semiannual Deposits

Payments or savings contributions made twice a year into a particular account or investment.