Find Z When the Area to the Left of Z

question 59

Multiple Choice

Find z when the area to the left of z is .05.

• A) 1.645
• B) 1.00
• C) −1.645
• D) −1.96

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Definitions:

Break-Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for the business.

Total Dollar Sales

The overall revenue generated from the sale of goods or services, expressed in terms of the total amount of money received.

Operating Leverage

A financial ratio that measures the proportion of fixed costs in a company's cost structure, indicating how a change in sales will affect its operating income.

Net Operating Income

The income produced through a firm's principal commercial activities, not including the subtractions for interest and taxes.