Which of the Following Statements Is True Regarding the Normal

question 10

Multiple Choice

Which of the following statements is true regarding the Normal distribution

• A) It is always the appropriate distribution in simulation modeling 
• B) It does not permit negative values 
• C) There is a 95% chance that values will be within ± 2 standard deviations of the mean 
• D) All of these options

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Definitions:

Adequacy of Consideration

The fairness of the value exchanged in a contract, ensuring that what is provided by each party is of comparable worth.

Financial Benefit

Any form of economic gain received, including income, dividends, or an increase in asset value.

Unforeseen Difficulties

Challenges or problems that were not anticipated or expected at the outset of a project or agreement.

Preexisting Duty Rule

A legal doctrine stating that a promise to perform something the promisor is already legally obligated to do is not consideration for a new contract.