Grades on a final exam in economics

Assignment Help Business Economics
Reference no: EM131098564

Grades on a final exam in Economics are normally distributed with a mean of 71 and a standard deviation of 11.

A. What is the probability that a randomly selected student will receive a score greater than 80?

B. What is the probability that a randomly selected student will score less than 60 and fail the exam?

C. If the top 10% of scores receive a grade of "A", what is the minimum score needed to get an "A"?

Reference no: EM131098564

Questions Cloud

Standard deviation of the sampling distribution : Assume that the population proportion of all business professionals who select an airline based on price is 0.30. A random sample of 215 business professionals is to be used for further study. What is the shape, mean(expected value), and standard dev..
Are these two goods substitutes or complements : Are these two goods substitutes or complements?
Marginal cost equals average total cost : Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal revenue and marginal cost are equal. Is it a good idea for the company to do this? why?
Write research paper about disclosures by business entities : Write a fifteen pages research paper about Disclosures by Business Entities about Government Assistance and here are some instructions: Double spaced, 12 pt font, 1" margins all around.
Grades on a final exam in economics : Grades on a final exam in Economics are normally distributed with a mean of 71 and a standard deviation of 11. What is the probability that a randomly selected student will receive a score greater than 80? What is the probability that a randomly sele..
Stock option plan to the shareholders : One shareholder feverishly objected to the plan, claiming that such a move would dilute the value of the outstanding shares. As CEO, how would you defend the stock option plan to the shareholders?
What is the elasticity of supply for corn : What is the elasticity of supply for corn?
Velocity of money in economy : a. What is the velocity of money in this economy? b. If output is 1000 units, i is 4 percent and money supply M is $1,200, what is the price level P?
Construct a piecewise function whose graph looks like a : What is the equation of the line through (1, 2) and (3, -1). What is the vertex of f(x) = x2 - 6x + 3. Using points, straight lines, and possibly the curve of a parabola, construct a piecewise function whose graph looks like a smiling face.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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