All of the Following Are Characteristics of the Standardized Normal

question 10

Multiple Choice

All of the following are characteristics of the standardized normal distribution EXCEPT:

• A)symmetrical about its mean
• B)has an infinite number of cases
• C)mean identifies the normal curve's highest point (the mode)
• D)has a mean of 1 and a standard deviation of 0

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Definitions:

Tariff

A tax imposed by a government on imported or exported goods, often used to restrict trade, as they increase the price of imported or exported goods, making them less attractive to consumers.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a product or service and the total amount they actually pay.

Trade Restrictions

Regulations and policies that governments enact to control the free trade and exchange of goods and services across borders.

Import Quota

A restriction enforced by the government on the volume or price of merchandise that may be imported into a country.