Given That Z Is a Standard Normal Random Variable, What

question 48

Multiple Choice

Given that Z is a standard normal random variable, what is the probability that -2.51 ≤ Z ≤ -1.53?

• A) 0.4950
• B) 0.4370
• C) 0.0570
• D) 0.9310

---

Definitions:

Work in Process

Inventory items that are partially completed but not yet ready for sale; represents goods in various stages of production.

Predetermined Overhead Rate

A rate calculated at the beginning of a period by dividing estimated overhead costs by an estimated activity base, such as labor hours, used to allocate overhead costs to products.

Direct Labor-Hours

A measure of the total hours worked by employees directly involved in the manufacturing process, used as a base for allocating overhead costs.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, rent, and salaries for administrative staff, not directly tied to the production of a specific product.