Figure 4-4 -In Figure 4-4, an Increase in Population Will Change Demand

question 8

Multiple Choice

Figure 4-4

-In Figure 4-4, an increase in population will change demand from

• A)D₁ to D₂.
• B)D₂ to D₁ .
• C)D₃ to D₂.
• D)D₃ to D₁ .

---

Definitions:

Standard Deviation

A criteria used to determine the amount of spread or variation among a group of data values.

Negative Value

A number that is less than zero.

Standard Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean, typically represented with a mean of 0 and a standard deviation of 1.

Probability Density Function

A mathematical expression that represents how likely it is for a random variable to assume a specific value.