A Testing Bureau Reports That the Mean for the Population

question 54

Multiple Choice

A testing bureau reports that the mean for the population of Graduate Record Exam (GRE) scores is 500 with a standard deviation of 90. The scores are normally distributed. The proportion of scores that lie above 650 is _________.

• A) 0.4535
• B) 0.9535
• C) 0.0475
• D) 0.0485

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Definitions:

Rational Model

A decision-making model that involves a structured and logical process to arrive at a decision.

Possible Alternatives

Other options or choices available in a decision-making process, considered when the primary plan or choice is unavailable or unsuitable.

Decision Maker

An individual or group responsible for making choices or judgments based on available information, aiming to achieve the best possible outcome.

Bounded Rationality

A theory that suggests that there are limits to how rational a decision maker can actually be.