A Large Number of Applicants for Admission to Graduate Study

question 65

Multiple Choice

A large number of applicants for admission to graduate study in business are given an aptitude test. Scores are normally distributed with a mean of 460 and standard deviation of 80. What fraction of the applicants would you expect to have a score of 400 or above?

• A)0.2734
• B)0.7734
• C)0.7266
• D)0.7500

---

Definitions:

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.

Capital Scarcity

A situation where there is a limited availability of capital resources (such as funds or equipment) relative to demand, often leading to increased costs or lower growth.

Incentive

A factor, often a monetary reward or advantage, that motivates individuals or entities to act in a certain way.

Productively

Refers to producing goods or services in a way that makes the best use of resources like time, materials, and labor.