Which of the Following Is Not a Characteristic of the Normal

question 119

Multiple Choice

Which of the following is not a characteristic of the normal probability distribution?

• A)The graph of the curve is the shape of a rectangle
• B)The total area under the curve is always equal to 1.
• C)99.72% of the time the random variable assumes a value within plus or minus three standard deviations of its mean
• D)The mean is equal to the median, which is also equal to the mode.

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Definitions:

Loanable Funds

Refers to all the money available for borrowing in a nation's economy, which comes from savings and is used for loans and investments.

Shifted

Shifted refers to the change in position, direction, or tendency of an object, market demand/supply curve, or another measurable factor.

Income Tax

A tax imposed by the government on the income earned by individuals and businesses within its jurisdiction.

Sales Tax

A tax levied on sales of goods and services, typically calculated as a percentage of the purchase price, paid by consumers at the point of sale.