Use the Standard Normal Distribution to Answer the Following Questions

question 18

Multiple Choice

Use the Standard Normal distribution to answer the following questions.
-Identify the probability corresponding to a z-score of less than -1.57.

• A) .9418
• B) .0582
• C) .5711
• D) .6293

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Definitions:

Cost Behaviour

The way in which a cost changes or reacts in relation to changes in business activity levels.

Variable Selling Expenses

Sales-related costs that vary directly with the volume of sales, such as commissions and shipping charges.

Contribution Approach

An income statement format that organizes costs by their behavior. Costs are separated into variable and fixed categories rather than being separated according to organizational functions.

Variable Administrative Expenses

Costs that fluctuate in relation to a company's activity levels, such as clerical support and utilities.