Your High School Graduating Class Had 564 Members

question 114

Multiple Choice

Your high school graduating class had 564 members.Thirty-three percent of these are expected to attend college.If the number of students who attend college follows the normal distribution,the probability that less than 160 will attend college is:

• A) 0.3610.
• B) 0.4900.
• C) 0.0090.
• D) 0.0832.
• E) 0.2500

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Definitions:

Potential Output

The maximum level of economic productivity that can be maintained in the long run without causing inflation to rise.

Governmental Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, and taxes.

Discretionary Policy

Economic policies based on judgment decisions by policymakers, as opposed to rules-based policies, to manage the economy.

Policy Tools

Policy tools are mechanisms used by government or monetary authorities to influence the economy, such as interest rates, taxation, and government spending.