In 1996, the Average Combined SAT Score (Math + Verbal)

question 16

Essay

In 1996, the average combined SAT score (math + verbal) for students in the United States was 1013, and 41% of all high school graduates took this test. Suppose that 500 students are randomly selected throughout the United States.
Which of the following random variables has an approximate binomial distribution? The number of students who took the SAT.
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The scores of the 500 students on the SAT.
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The number of students who scored above average on the SAT.
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The amount of time it took each student to complete the SAT.
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Definitions:

Quantity Theory

An economic theory that suggests that the amount of money in circulation directly impacts the level of economic activity and the price levels.

Increase Money

Increase in money typically refers to a rise in the amount of currency and bank deposits in an economy, leading to potential changes in inflation and purchasing power.

Price Level

An index that measures the average of current prices of goods and services in an economy compared to a base year.

Value of Dollar

The buying power of the US dollar, determined by its exchange rate and inflation, affecting how much goods and services one dollar can buy.