What Is the Median of the Standard Normal Distribution

question 78

Short Answer

What is the median of the standard normal distribution?
a.1
b.−1
c.0 (because the distribution is symmetric,mean=median=mode)
d.2

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Definitions:

Market Economies

Economic systems in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses.

Line Segment ST

A part of a line that is bounded by two distinct end points, labeled S and T.

Unemployed Resources

Economic resources, including labor, that are not currently in use or employed in the production process.

Macroeconomic Equilibrium

A state in which aggregate supply equals aggregate demand, meaning the economy is at a balance between the total quantity of goods supplied and the total quantity of goods demanded.