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Question
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 = 1A. 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.
Answer
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