The Price-To-Earnings Ratio for Firms in a Given Industry Is

Multiple Choice

The price-to-earnings ratio for firms in a given industry is distributed according to the normal distribution.In this industry,a firm with a standard normal variable value of z = 1:

A) Has an above average price-to-earnings ratio.
B) Has a below average price-to-earnings ratio.
C) Has an average price-to-earnings ratio.
D) May have an above average or below average price-to-earnings ratio.