In Order to Be Accepted into a Top University, Applicants

question 30

Multiple Choice

In order to be accepted into a top university, applicants must score within the top 5% on the SAT exam. Given that the test has a mean of 1000 and a standard deviation of 200, what is the lowest possible score a
Student needs to qualify for acceptance into the university?

• A) 1330
• B) 1400
• C) 1250
• D) 1100

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Definitions:

Tenure

The duration or period of time a person holds a particular position, job, or place of living.

Accomplished Teachers

Educators who have achieved a high level of expertise and excellence in their teaching practices.

Moral Hazard

A situation in economics where one party is more likely to take risks because the costs that could result will not be borne by the party taking the risk.

Unobservable Characteristics

Traits or attributes of an entity that cannot be directly measured or seen but influence outcomes.