If a Set of Scores Is Normally Distributed,then Abo___ of the Scores

question 27

Multiple Choice

If a set of scores is normally distributed,then abo___ of the scores should fall within one standard deviation from the mean.

• A)25%
• B)half
• C)2/3
• D)95%

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Definitions:

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, indicated by a greater change in quantity demanded.

Labor Costs

The total amount of money businesses have to spend on paying their employees, including wages, salaries, and benefits.

Wage Rates

The amount of money paid per unit of time or output to an employee for labor.

Employment Decline

A reduction in the number of jobs or the rate of employment within an economy.