If a Distribution Has a Mean of 100 and a Standard

question 24

Multiple Choice

If a distribution has a mean of 100 and a standard deviation of 15,what value would be +2 standard deviations from the mean?

• A)70
• B)85
• C)115
• D)130

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Definitions:

Administrative Expenses

Costs related to the general administration of a business, such as salaries of executive personnel, accounting, and human resources.

Net Operating Income

A measure of a company's profitability calculated as total revenue minus operating expenses, excluding interest and taxes.

Contribution Approach

A method of income statement presentation that separates fixed costs from variable costs, facilitating operational decision-making.

Cost Formula

An equation used to predict costs at different levels of activity. It often incorporates fixed costs, variable rate per unit of activity, and the total cost.