A Randomly Selected Value from a Normal Distribution Is Found

question 113

Multiple Choice

A randomly selected value from a normal distribution is found to be 2.1 standard deviations above its mean.What is the probability that a randomly selected value from the distribution will be greater than 2.1 standard deviations above the mean?

• A)0.0179
• B)0.0512
• C)0.0231
• D)0.0024

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Definitions:

Price Support

Government interventions to maintain the price of a commodity or product at a certain level, often through purchasing excess supply or providing subsidies to producers.

Government Policy

Official strategies or principles that a government adopts to guide decisions and actions in a particular area, such as economic policy.

Production Quota

A limit set on the amount of a specific product that can be produced, often implemented by governments or organizations to control supply and stabilize prices.

Support Price

A price set by the government or a regulatory body at a certain level to maintain the income of producers and encourage production.