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Changing the mean of a Normal distribution by a moderate amount can greatly change the percent of observations in the tails. In 2002, the scores of men on the Math SAT followed the N(534,113) distribution. Women's Math SAT scores that year had the N(500,113) distribution.
The mean Math SAT score for men was 34 points, i.e., 6.8% higher. (34 is 6.8% of 500.)
How much higher (in percent terms) is the percent of men scoring 750 or better (than the corresponding percent of women)?
This document contains various important questions and their appropriate answers in the subject field of Economics.
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.
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