What Percentage of the Population Is Represented Within One Standard

question 64

Multiple Choice

What percentage of the population is represented within one standard deviation?

• A) 95%
• B) 96%
• C) 97%
• D) 98%
• E) 99%

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Definitions:

Adjusting Entry

A journal entry made in accounting records to update the balances of accounts at the end of an accounting period.

Bad Debt Expense

An estimate of receivables that a company does not expect to collect, recognized as an expense in the income statement.

Open Account

A type of credit arrangement where goods and services are delivered with the understanding that payment will be made at a later date.

Interest-Bearing Note

A debt instrument in which the borrower promises to pay the lender a fixed amount of interest in addition to repaying the principal.