The approximate probability of a value occurring that is greater than one standard deviation from the mean is approximately (assuming a normal distribution)
a. 68.26%
b. 2.28%
c. 34%
d. 15.87%
e. none of the above
d
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Which of the following is NOT related to fiscal policy?
A) increasing government expenditures B) decreasing marginal tax rates C) passage of new securities laws D) reducing the budget deficit
Assuming all else equal, if the real interest rate increases, it will lead to:
A) a decrease in the quantity of credit demanded by a firm. B) a rightward shift of the credit demand curve of a firm. C) a leftward shift of the credit demand curve of a firm. D) an increase in the quantity of credit demanded by a firm.
Which of the following statements is CORRECT?
A) A change in the quantity demanded means a shift in the demand curve. B) A change in demand means a movement along the demand curve. C) A change in demand and change in quantity demanded means the same thing. D) A change in demand means a shift in the demand curve while change in the quantity demanded means a movement along the demand curve.
The international trade effect explains that higher prices make domestic goods
a. more expensive, causing imports to rise and exports to fall b. more expensive, causing imports and exports to fall c. more expensive, causing imports to fall and exports to rise d. less expensive, causing imports and exports to fall e. less expensive, causing imports to fall and exports to rise