A Researcher Records the Following Response Times to a Visual

question 3

Multiple Choice

A researcher records the following response times to a visual stimulus: 23 3.1 (M SD) seconds.Assuming these data are normally distributed,what is the probability that participants responded in 20 seconds or less?

• A).1660
• B).3340
• C).6660
• D)The probability is not listed in the unit normal table.

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Definitions:

Actual

The real, measured or observed value of a quantity or cost, as opposed to estimated or budgeted figures.

Budget

A quantitative plan for acquiring and using resources over a specified time period.

Static Budget

A budget prepared for a single level of activity, without changes for variations in sales or production volumes, often used for fixed expenses.

Revenue Variance

The difference between actual revenue and budgeted or forecasted revenue, indicating the effectiveness of business strategies.