In the Following Payroll Transaction, What Is the Amount of the Net

question 1

Multiple Choice

In the following payroll transaction, what is the amount of the net pay?

• A) $399,472.63
• B) $2,349,839.00
• C) $93,993.56
• D) $1,551,383.86

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Definitions:

Bell-Shaped

Describes the graphical shape of a distribution that is symmetrical and has a single peak in the middle, resembling a bell; commonly associated with the normal distribution.

Standard Deviation

An index quantifying the spread or variability among a collection of numbers, where a smaller standard deviation suggests the numbers are closely clustered around the average.

Tchebysheff's Theorem

A statistical theorem stating that, for any real-valued random variable, the proportion of values lying within k standard deviations from the mean is at least 1-1/k^2, for k > 1.

Empirical Rule

A statistical guideline suggesting that within a normal distribution, nearly every data point can be found within three standard deviations of the central mean.