A Normal Distribution Has a Mean of µ = 80

question 8

Multiple Choice

A normal distribution has a mean of µ = 80 with σ = 20.What score separates the lowest 30% of the distribution from the rest of the scores?​

• A)X = 90.4​
• B)​X = 69.6
• C)​X = 110
• D)​X = 50

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Short-Term Portion of Long-Term Debt

The part of a company's long-term debt that is due to be paid within the following twelve months.

5-Year Bank Loan

A financial agreement where a bank lends money to a borrower, to be repaid with interest over a period of five years.

Financial Statements Linkage

The connection and relationship between different financial statements (e.g., balance sheet, income statement, cash flow statement) to assess the financial health of a business.