For a Variable That Is Normally Distributed with a Mean

question 99

Multiple Choice

For a variable that is normally distributed with a mean of 50 and a standard deviation of 5, approximately ______ of the scores are between ______and ______.

• A) 95%; 45 and 55
• B) 95%; 40 and 60
• C) 68%; 40 and 60
• D) 95%; 35 and 65

---

Definitions:

Net Loss

Net loss is when a company's expenses exceed its revenues during a specific period, leading to a negative profit margin.

Rent in Advance

Payment for rent that is made before the rental period begins, usually as a requirement by landlords before tenants occupy the property.

Adjusting Entry

An accounting record created at the closing of an accounting cycle to assign revenues and expenses to the relevant fiscal years.

Asset Account

An account that represents a resource owned or controlled by a business, expected to provide future economic benefits.