Let Z Be a Normal Random Variable with Mean 0

question 40

Multiple Choice

Let z be a normal random variable with mean 0 and standard deviation 1.The 50^th percentile of z is ____________.

• A) 0.6700
• B) -1.254
• C) 0.0000
• D) 1.2800
• E) 0.5000

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Definitions:

Income

The monetary payment received by an individual or household for their labor, investments, or from transfer payments, used to fund consumption and savings.

Interest Rate

The cost of borrowing money or the return on investment, typically expressed as an annual percentage of the principal.

Consumption

Families engaging in the use of products and services.

Income

Sums of money attained, usually on a fixed schedule, from work or investment undertakings.