What is the approximate value of the standard deviation

Assignment Help Microeconomics
Reference no: EM131008541

Suppose that the distribution of scores on an exam is closely described by a normal curve with mean 100. The 16th percentile of this distribution is 80.

a. What is the 84th percentile?

b. What is the approximate value of the standard deviation of exam scores?

c. What z score is associated with an exam score of 90?

d. What percentile corresponds to an exam score of 140?

e. Do you think there were many scores below 40? Explain.

18   18   25   19  23

20

69

18   21   18   20  18

18   20   18   19  28

17

18

18

Reference no: EM131008541

Questions Cloud

Prepare any journal entry necessary as a direct result : Prepare any journal entry necessary as a direct result of the change as well as any adjusting entry for 2011 related to the situation described.
Inventory management in manufacturing organizations : The inventory management has lots of challenges and it requires proper planning and execution of adopted processes and technologies to manage it in an efficient way - Inventory management in manufacturing organizations.
Facts in aristotle''s framework : [Categories by Aristotle] Here are some facts: Bruce is a buffalo, Bruce is brown, Bruce is sunbathing. Analyze these facts using the framework Aristotle develops in the Categories. Explain the differences in status between these facts in Aristotle's..
What was his total cost : A chandelier was marked up 150% from an original cost of $96. Last Friday, Tamir bought the chandelier and paid an additional 5% in sales tax. What was his total cost
What is the approximate value of the standard deviation : Suppose that the distribution of scores on an exam is closely described by a normal curve with mean 100. The 16th percentile of this distribution is 80. What is the 84th percentile?
Determine the multiple regression equation : Determine the multiple regression equation and interpret the partial regression coefficients. Dave has a 3.6 grade point average and 3 university activities listed on his résumé. What would be his estimated starting salary
Wagner changed from fifo to average cost : Due to an unexpected relocation, Wagner determined that its office building, previously depreciated using a 45-year life, should be depreciated using an 18-year life.
Calculate the values of sample mean and standard deviation : The accompanying data on milk volume (in grams per day) were taken from the paper "Smoking During Pregnancy and Lactation and Its Effects on Breast Milk Volume" (American Journal of Clinical Nutrition [1991]: 1011-1016): Calculate the values of th..
Explain the impact of culture on business practices : Explain the impact of culture on business practices in an international organization and evaluate the challenges of doing business in another culture.

Reviews

Write a Review

 

Microeconomics Questions & Answers

  What ar the prices charged

What ar the prices charged, total product shipped to each market, and the total profits to the monopolist under the following two conditions?

  What is the operating cost per mile

what are the two types of utilities from gasoline and ethanol consumption - What is the operating cost per mile?

  Mode of production

What does Marx mean when he uses the term “mode of production”? How is the mode of production related to the forces of production and the relations of production? (Be sure to carefully define ‘forces of production’ and ‘relations of production’ in yo..

  What is the environmental - economic conflict

What is the environmental - economic conflict in your opinion and What are the specific values, politics, and economics that come into play?

  Determining cost minimization problem

Set up the Lagrangian for a cost minimization problem, then use it to derive the Hicksian demands for goods X and Y when the utility function has the Cobb-Douglas form

  Prisoners'' dilemma

Total soft drink demand increased, and Pepsi took a larger share of the demand. Why is the equilibrium of this game different from that of a prisoners' dilemma?

  Maximizes the expected contribution of the contract

Why would your company have bid with a zero mark-up on some past tenders? Why didn't it win all of those contracts and what is the bid price that maximizes the expected contribution of the contract

  The use of a demand schedule

Suppose the firm dropped the price to $2.50. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule

  Do you think we should erect trade barriers to keep out

It is often alleged that Japanese producers receive subsidies from their government permitting them to sell their products at a low price in the U.S. market.

  Which will change equilibrium output more

You hear the argument that a reduction in the deficit will increase consumer and business confidence and thus reduce the decline in output that would otherwise occur with deficit reduction. Is this argument valid?

  What is the most likely outcome of the first game

During each game, if they both select a low price or a high price, their market share stays the same. But if one selects a low price while the other selects a high price, then the one with the low price gains market share while the one with the hi..

  Discuss the long run implication of monopolistic competition

Discuss the long run implications of monopolistic competition with respect to (a) utilization of plant, (b) allocation of resources, and (c) advertising and product differentiation. Compare this to the situation of perfect competition.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd