A Population with µ = 85 and S = 12

question 65

Multiple Choice

A population with µ = 85 and s = 12 is transformed into z-scores.After the transformation,what is the standard deviation for the population of z-scores?​

• A)​s = 12
• B)​s = 1.00
• C)​s = 0
• D)​s = 4.

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good and what they actually pay, representing the benefit consumers receive from purchasing the good at a lower price.

Price Floor

A government- or group-imposed price control that sets the lowest price at which a product can be sold.

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.