Assume That a Set of Test Scores in an Introduction

question 200

Multiple Choice

Assume that a set of test scores in an Introduction to Finance class is normally distributed with a mean of 72 and a standard deviation of 8.Use the 68-95-99.7 rule to find the percentage of scores greater than 88.

• A)0.15%
• B)0.3%
• C)2.5%
• D)5%
• E)95%

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Definitions:

Operating Decisions

Decisions that relate to the day-to-day activities of a business, affecting its operational efficiency and effectiveness.

Top Management

The highest level of management in an organization, responsible for overall strategy and policy-making.

Decentralization

The distribution of decision-making powers from a central authority to lower levels in an organization or across various geographic locations.

Quality Managers

Professionals responsible for monitoring and maintaining the quality of products and services in a company to meet specified standards.