For a Normal Curve, Three Standard Deviations from the Mean

question 29

Multiple Choice

For a normal curve, three standard deviations from the mean comprises what percentage of the observations?

• A) 48%
• B) 72%
• C) 95%
• D) 99%

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Definitions:

Nudging

Nudging involves subtly guiding choices or behaviors without restricting options, often used in policy and marketing to influence decision-making.

Dictator Game

An experimental game in economics where one player, the "dictator," determines how to split a sum of money with another player.

Behavioral Economics

An area of economics that examines the influence of psychological, cognitive, emotional, cultural, and social aspects on economic decision-making.

Net Change

The difference between the closing value of a financial instrument on a given day and its closing value on the preceding day.