Let Z Be a Normal Random Variable with Mean $\mu$ )0 and Standard Deviation

question 46

Multiple Choice

Let z be a normal random variable with mean ( $\mu$ ) 0 and standard deviation ( $\sigma$ ) of 1.What is P(z > 2.4) ?

• A)0.4918
• B)0.9918
• C)0.0082
• D)0.4793
• E)0.0820

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Definitions:

Government Economic Policy

The strategies and measures employed by a government to manage its economy, including taxation, spending, and interest rate settings.

Keynesian Approach

A macroeconomic theory that emphasizes the role of government intervention in stabilizing the economy and managing aggregate demand.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by widespread unemployment, deflation, and a significant decline in economic activity across the globe.

Unemployment

The situation where individuals who are capable of working and are actively seeking work are unable to find employment.