Suppose the Standard Error of the Estimate for Predicted Grade

question 98

Multiple Choice

Suppose the standard error of the estimate for predicted grade point average GPA) is 0.2 grade units. Suppose a student has a predicted GPA of 2.90. Approximately what is the probability that the student will achieve a GPA of 3.3 or higher?

• A) .5 percent
• B) 2.5 percent
• C) 10 percent
• D) cannot be computed

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Definitions:

Purchase Discounts

Reductions in price given by a supplier to a buyer for early payment within a specified period.

Purchase Discounts Lost

The additional expense a company incurs when it fails to take advantage of discounts offered by suppliers for early payment.

Voucher Register

A voucher register is a record keeping system where vouchers are indexed and stored, detailing the payment of a transaction.

Vouchers Payable

A liability account that records the obligation to pay for goods or services that have been received, but not yet paid for.