In its standardized form, the normal distribution
A) has an area equal to 0.5.
B) has a mean of 0 and a standard deviation of 1.
C) has a mean of 1 and a variance of 0.
D) cannot be used to approximate discrete probability distributions.
B
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A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with the survey is $75,000. The expected monetary value with no survey is $62,000
What is the expected value of sample information? A) -$7,000 B) $3,000 C) $7,000 D) $13,000 E) None of the above
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All bonds are subject to the following risks except
A) default risk. B) call risk. C) interest rate risk. D) impact of economic conditions.
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