"IQ Scores Based on the Wechsler Adult Intelligence Scale Are

question 36

Multiple Choice

"IQ scores based on the Wechsler Adult Intelligence Scale are assumed to be normally distributed with a mean of 100 and a standard deviation of 15." The label 'Genius' is given to people whose IQ scores are 2 standard deviations above the mean. What IQ score do people need to have to be labeled a 'Genius'?

• A) 70
• B) 85
• C) 115
• D) 130

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Definitions:

Capital Balance

The amount of money that an entity has in its capital account, reflecting the net worth contributed by the owners/shareholders plus retained earnings.

Bonus Method

An accounting method for recording partnership transactions where a new partner's investment is more than or less than the book value of the capital they are entitled to.

Capital Balance

The amount of capital recorded in a company's accounts, representing the sum of the initial capital invested and additional contributions, minus any withdrawals.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing future economic benefits.