A Normal Distribution Has a Mean of µ = 70

question 40

Multiple Choice

A normal distribution has a mean of µ = 70 with σ = 12.If one score is randomly selected from this distribution,what is the probability that the score will be less than X = 55?​

• A)​0.3944
• B)​0.1056
• C)​0.8944
• D)​0.7888

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Definitions:

Cash Flows

This term denotes the total amount of money being transferred into and out of a business, especially affecting the company's liquidity.

Fundamental Qualitative Characteristics

The primary attributes that make the information provided in financial statements useful to users.

FASB Conceptual Framework

A foundational set of objectives and concepts that guide the Financial Accounting Standards Board in developing accounting standards.

GAAP

Generally Accepted Accounting Principles; a collection of commonly followed accounting rules and standards for financial reporting in the United States.