On the Normal Distribution, the Z Score of 1 Marks

question 3

Multiple Choice

On the normal distribution, the Z score of 1 marks 84.13% under the curve. Which of the statement is NOT true?

• A) 84.13% of the data are under the Z score of 1
• B) 15.87% of the data are above the Z score of 1
• C) The Z score of 1 shows the 84.13 percentile score
• D) The Z score of 1 shows the 15.87 percentile score

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Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good supplied by producers.

Tax Subsidy

A government benefit that effectively reduces the tax that a business or individual owes.

Excise Tax

A tax imposed on specific goods, services, or transactions, typically including alcohol, tobacco, and fuel, aimed at raising government revenue or affecting consumption patterns.

Price Paid

The amount of money exchanged for a good or service in a transaction.