Given a Mean of 1,500 and a Standard Deviation of 53

question 15

Short Answer

Given a mean of 1,500 and a standard deviation of 53, calculate the value that is 2 standard deviations below the mean.

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Definitions:

Enforceable

A term applied to contracts or agreements that are legally binding and can be upheld in court.

Freedom Of Contract

The principle that individuals have the liberty to enter into contracts of their choosing without undue government restriction.

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Institutions vested with the power to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters.

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