Scores on the SAT Form a Normal Distribution with a Mean

question 2

Multiple Choice

Scores on the SAT form a normal distribution with a mean of µ = 500 with σ = 100.If the state college only accepts students who score in the top 60% on the SAT,what is the minimum score needed to be accepted?​

• A)X = 475​
• B)​X = 525
• C)​X = 440
• D)​X = 560

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or one operating cycle, whichever is longer.

Classified Balance Sheet

A financial statement that groups a company's assets, liabilities, and equity into categories, making it easier to assess financial health.

Retained Earnings

Accumulated net income that a company decides to keep rather than distribute to its shareholders as dividends.

Owners' Equity

Owners' equity represents the ownership interest of the shareholders or owners in the net assets of a company, reflecting the difference between assets and liabilities.