Kenny Received a Raw Score of 42

question 52

Multiple Choice

Kenny received a raw score of 42. Given the test had a mean of 48, a median of 48, and a standard deviation of 3. Given Kenny's information above, what is his T score?

• A) 20
• B) 30
• C) 50
• D) 60

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Definitions:

Comparative Advantage

The capability of an entity to manufacture a product or provide a service at a reduced opportunity cost compared to its competitors.

Opportunity Cost

The cost of foregone alternatives, the value of the next best alternative that is given up when making a decision.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors, leading to more efficient trade and production patterns.

Absolute Advantage

A situation in which a country, individual, or company can produce a particular good or service more efficiently than another party, using the same amount of resources.