I a Z-Score Is the Distance Between a Selected Value

question 76

Multiple Choice

i. A z-score is the distance between a selected value (X) and the population mean (μ) divided by the
Population standard deviation (σ) .
ii. The standard normal distribution is a special normal distribution with a mean of 0 and a standard
Deviation of 1.
iii. A computed z for X values to the right of the mean is negative.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (i) and (ii) are correct statements but not (iii).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Functional Risk

The possibility that a product or service will not perform as expected, leading to dissatisfaction or financial loss for the consumer.

Physiological Risk

The potential of experiencing physical harm or adverse health effects from products, services, or activities.

Busy Intersection

A junction where multiple roads meet, often characterized by a high volume of vehicle and pedestrian traffic, making it a key focal point for transportation flow.

Default

Failure to fulfill an obligation, especially to repay a loan on time, which can result in legal actions or loss of asset privileges.