If the Mean of a Normal Distribution Were Equal to 100

question 21

Multiple Choice

If the mean of a normal distribution were equal to 100, and a raw score of 99 was found to be at the 10th percentile, then

• A) the standard deviation must be extremely small
• B) the standard deviation must be extremely large
• C) the standard deviation must be less than the z score
• D) the standard deviation could not be calculated from this information

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Definitions:

Liabilities

Economic debts or obligations a company is responsible for, which are to be paid off over time through the exchange of economic advantages.

Owner's Withdrawal

Amounts of cash or other assets that the owner takes from the company for personal use.

Cash Account

An account that records all transactions involving cash inflows and outflows within a company.

Accounting Equation

The foundational formula in accounting representing assets equal to the sum of liabilities and shareholders' equity.