Suppose X Is a Normally Distributed Random Variable with a Mean

question 7

Multiple Choice

Suppose x is a normally distributed random variable with a mean of 12 and a standard deviation of 3. The probability that x equals 19.62 is _____.

• A) 0
• B) .0055
• C) .4945
• D) .9945

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Definitions:

Generally Accepted Auditing Standards

Principles that provide a framework for auditors to conduct financial audits, ensuring accuracy, consistency, and verifiability.

Negligence

A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.

Actual Fraud

Refers to intentional deception made for personal gain or to damage another individual.

Material Fact

An important fact that if known might influence a decision maker’s decision, such as in a contract negotiation or in the dissemination of information to investors.