If X Is Normally Distributed Random Variable with a Mean

question 85

Multiple Choice

If x is normally distributed random variable with a mean of 8.20 and variance of 4.41, and that P(x > b) = .08, then the value of b is:

• A) 11.161
• B) 3.409
• C) 3.448
• D) 3.452
• E) 8.418

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Definitions:

Rejection Reference Group

A social group whose norms, values, or behaviors are actively rejected or avoided by an individual.

Negative Externality

A cost that is suffered by a third party as a consequence of an economic transaction.

Extravagant Consumption

The act of spending on luxury and expensive goods and services in excess of one's basic needs, often as a display of wealth.

Affluent Professionals

Individuals with high income and educational levels, often working in professions that require advanced degrees.