(I About 95 $\sigma$ = 1
A) (I), (Ii), and (Iii) Are All Correct Statements

question 29

Multiple Choice

(i. About 95.5% percent of the area under the normal curve is within plus two and minus two standard deviations of the mean. (ii) The normal distribution is a continuous probability distribution.
(iii) In a standard normal distribution, µ = 0 and $\sigma$ = 1.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (i) and (ii) are correct statements but not (iii).
• E) (i), (ii), and (iii) are all false statements.

Recognize the importance of considering variation in decision-making processes.

Differentiate between data and information and their roles in business analysis.

Understand the concept of sampling and its importance in statistical analysis.

Recognize the application of statistical methods in business for data presentation and population estimation.

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Definitions:

Hidden Job Market

Employment opportunities that are not advertised publicly and are typically found through networking, referrals, or direct contact with employers.

Referral Interviews

Interviews conducted with individuals recommended by others, often used for gathering information or networking.

Information Interviews

Interviews conducted to gather information about a job, career field, industry, or company culture, not necessarily tied to a job opening.

Uninformed Employers

employers who lack necessary or critical information about certain aspects of their business, industry, or employee welfare.