A Normal Distribution Has a Mean of µ = 70

question 59

Multiple Choice

A normal distribution has a mean of µ = 70 with σ = 12.If one score is randomly selected from this distribution,what is the probability that the score will be greater than X = 55?

• A)0.3944
• B)0.1056
• C)0.8944
• D)0.7888

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Definitions:

Financial Economists

Specialists who study the ways in which money, financial instruments, and financial markets influence the economy.

Portfolio Management

The science and art of making decisions about investment mix and policy, matching investments to objectives, asset allocation, and balancing risk against performance.

Rate of Return

The percentage of profit or loss on an investment over a specified period of time.

Framing Effect

The cognitive bias where people decide on options based on whether they are presented in a positive or negative way.