Two Business Major Students, in Two Different Sections of Economics

question 30

Multiple Choice

Two business major students, in two different sections of economics, were comparing test scores.
The following gives the students' scores, class mean, and standard deviation for each section.
(i. The student from Section 2 scored better compared to the rest of their section.
(ii. The z-score of the student from section 1 is 1.82.
(iii) The z-score of the student from section 2 is 1.87.

• 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) (ii) and (iii) are correct statements but not (i).

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Definitions:

Supply Analysis

The examination and evaluation of the supply side of the market, focusing on factors such as production capacity, supplier behavior, and costs.

Primary Industry

The sector of the economy that extracts and harvests natural resources directly from the Earth, such as agriculture, mining, and forestry.

Normal Goods

Goods for which demand increases as the income of the buyer increases, and vice versa.

Income Increase

A rise in the amount of money received, especially on a regular basis, through work or investments.