Assume That the Random Variable X Is Normally Distributed with Mean

question 29

Multiple Choice

Assume that the random variable X is normally distributed with mean $$\mu = 50$$ and standard deviation $$\sigma = 12$$ Find the 24th percentile for X.

• A) 41.48
• B) 58.52
• C) 42.92
• D) 38.6

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Definitions:

ASPE

Accounting Standards for Private Enterprises, a set of accounting standards for private companies in Canada.

Expenses

Costs incurred in the operation of a business that are not directly tied to the production of goods or services but are necessary for the business's functioning and profitability.

Nature

The inherent qualities or characteristics of something; in accounting, it may relate to the types of expenses or incomes.

Function

In mathematics, a relationship or expression involving one or more variables.