Let the Random Variable Z Follow a Standard Normal Distribution,and

question 47

Multiple Choice

Let the random variable Z follow a standard normal distribution,and let z₁be a possible value of Z that is representing the 90th percentile of the standard normal distribution.Find the value of z_1.

• A)0.67
• B)-1.28
• C)1.28
• D)-0.67

---

Definitions:

Innovative Firms

Companies that specialize in creating new products or services through research, development, and technology.

Further Innovation

involves the continuous process of making improvements or introducing new methods, ideas, or products beyond current advancements.

Expected-Rate-of-Return Curve

A graph depicting the expected returns on investment as a function of the level of risk.

MB = MC Decision Framework

A decision-making principle where optimal allocation of resources is achieved when marginal benefit equals marginal cost.