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i. For a normal probability distribution, about 95 percent of the area under normal curve is within
Plus and minus two standard deviations of the mean and practically all (99.73 percent) of the area
Under the normal curve is within three standard deviations of the mean.
ii. The total area under the normal curve is 100%.
iii. The mean of a normal probability distribution is 500 and the standard deviation is 10.
About 95 percent of the observations lie between 480 and 520.
Hourly Wage
The amount of money paid to an employee for each hour of work performed.
Bill Of Rights
A formal statement listing the fundamental rights and freedoms that are protected and guaranteed to individuals, often within a legal or governmental context.
Democratic Procedures
Processes that are based on the principles of democracy, allowing for equal participation and vote in decision-making by all stakeholders.
Union Members
Individuals who are part of a labor union, an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.
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