For the Standard Normal Distribution, How Much Confidence Is Provided

question 5

Multiple Choice

For the standard normal distribution, how much confidence is provided within 2 standard deviations above and below the mean?

• A) 97.22%
• B) 95.44%
• C) 99.74%
• D) 99.87%
• E) 90.00%

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Definitions:

Trade Deficit

A condition where a nation's expenditures on imported goods surpass its income from exports, resulting in a greater outflow of funds than inflow.

Trade Surplus

A situation where a country exports more goods and services than it imports, resulting in a positive balance of trade.

Net Exports

The value of a country's total exports minus the value of its total imports, reflecting the balance of trade.

Exchange Rates

The worth of a single currency when converted into another, showing the amount of one currency that can be swapped for a different one.