X Is a Normally Distributed Random Variable with a Mean

question 116

Multiple Choice

x is a normally distributed random variable with a mean of 7 and a standard deviation of 2. The probability that x is between 6.48 and 7.56 is

• A) 0.9524.
• B) 0.0476.
• C) 0.7872.
• D) 0.2128.

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Definitions:

Income Statement Approach

A method used in accounting to estimate certain balances or transactions using the data primarily from the income statement.

Balance Sheet Approach

A method for evaluating a company's financial health by examining its assets, liabilities, and equity at a specific point in time.

Allowance for Doubtful Accounts

A contra-asset account that represents an estimate of receivables that may not be collectible.

Contra-Asset

An account on a company's balance sheet representing a deduction from the gross amount of an asset to calculate its net book value.