A Random Variable,x,has a Normal Distribution with μ = 13

question 8

Multiple Choice

A random variable,x,has a normal distribution with μ = 13.6 and σ = 2.90.Determine a value,x₀,so that P(x > x₀) = 0.05.

• A)14.46
• B)15.33
• C)18.37
• D)12.45

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Definitions:

Long-term Solvency

The ability of an entity, typically a government or business, to meet its long-term financial liabilities and obligations.

Low Birthrate

A situation where a country or region experiences a lower number of births, often leading to concerns about population decline and demographic aging.

Aging Population

A demographic trend where the median age in a population increases over time due to increasing life expectancy and/or declining birth rates.

Entitlement Program

Government programs that provide guaranteed benefits to those who meet eligibility requirements, such as Social Security or Medicare.