Let Z Be a Normal Random Variable with Mean 0

question 38

Multiple Choice

Let z be a normal random variable with mean 0 and standard deviation 1.What is P(z > -1.1) ?

• A) 0.36432
• B) 0.8643
• C) 0.1357
• D) -0.1357
• E) -0.8643

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Definitions:

Industry Supply

The total output of goods or services that firms in a specific industry are willing and able to sell at various price levels.

Decreasing-cost Industry

An industry where average costs of production decrease as the scale of output increases.

Long-run Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied, with all adjustments made for factors affecting supply or demand over time.

Product Demand

The desire and willingness of consumers to purchase a particular product at various prices during a certain period.