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Compare the Scores: a Score of 75 on a Test

question 77

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Compare the scores: a score of 75 on a test with a mean of 65 and a standard deviation of 8 and a score of 75 on a test with a mean of 70 and a standard deviation of 4.


Definitions:

Excess Supply

A situation where the quantity of a product offered for sale by producers exceeds the quantity that consumers are willing to buy at a given price.

Quantity Supplied

The total amount of a specific good or service that producers are willing and able to sell at a particular price over a given period of time.

Quantity Demanded

The specific amount of a product that consumers are willing and able to buy at a given price over a certain period of time.

Excess Supply

A situation where the quantity of a product or service provided by producers exceeds the quantity demanded by consumers.

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