Solve the Problem. -For a Standard Normal Distribution, Find the Percentage of Data

question 112

Multiple Choice

Solve the problem.
-For a standard normal distribution, find the percentage of data that are more than 2 standard deviations below the mean or more than 3 standard deviations above the mean.

• A) 0.26%
• B) 4.56%
• C) 2.41%
• D) 97.59%

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Definitions:

Index Fund

A type of mutual fund or exchange-traded fund (ETF) designed to replicate the performance of a specific benchmark index.

PHStat

A software program that enhances Microsoft Excel with the capability to perform statistical analysis.

Variance

A measure of the dispersion of a set of data points around their mean, indicating how spread out the data points are.

Index Fund

A type of mutual fund or exchange-traded fund designed to replicate the performance of a specific market index.