Multiple Choice
The number of standard deviations z that a particular value of r is from the mean can be computed as
.Suppose that you work as a commission-only insurance agent earning $1,000 per week on average. Suppose that your standard deviation of weekly earnings is $500. What is the probability that you zero in a week? Use the following brief z-table to help with this problem.
A) 1.3% chance of earning nothing in a week
B) 2.28% chance of earning nothing in a week
C) 15.87% chance of earning nothing in a week
D) 50% chance of earning nothing in a week
E) none of the above
Correct Answer:

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Correct Answer:
Verified
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