If the Random Variable X Is Normally Distributed with a Mean

question 17

Multiple Choice

If the random variable x is normally distributed with a mean of 88 and a standard deviation of 12, then P(X 96) is:

• A) 0.2486
• B) 0.2514
• C) 0.1243
• D) 0.4972
• E) 0.3398

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Definitions:

Itemized Deductions

Specific expenses that taxpayers can claim to reduce their taxable income, as opposed to taking the standard deduction.

Charitable Contributions

Donations or gifts given by individuals or organizations to non-profit organizations, which can often be deducted from taxes.

AGI Limitation

Restrictions or phase-outs on certain tax deductions, credits, or exemptions based on the taxpayer's Adjusted Gross Income (AGI).

Churches

Religious organizations that may enjoy certain tax exemptions and benefits under IRS guidelines.