If an IQ Distribution Is Normal and Has a Mean

question 38

Multiple Choice

If an IQ distribution is normal and has a mean of 100 and a standard deviation of 15, then 99% of all those taking the test scored between IQ's of

• A) 0 and 150
• B) 55 and 145
• C) 85 and 115
• D) 92.5 and 107.5

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Definitions:

Sale of Equipment

The process of disposing of business equipment, which is recorded as a financial transaction affecting company assets.

Cash Flows

The inflows and outflows of cash and cash equivalents for a business, reflecting its operational, investing, and financing activities.

Operating Activities

Activities directly related to the running of a business for profit, including production, sales, and day-to-day operations.

Direct Method

A cash flow forecasting technique that itemizes and records actual cash inflows and outflows, rather than using an indirect calculation.