The Board of Examiners That Administers the Real Estate Broker's

question 69

Essay

The board of examiners that administers the real estate broker's examination in a certain
state found that the mean score on the test was 513 and the standard deviation was 72. If the board wants to set the passing score so that only the best 80% of all applicants pass, what is the passing score? Assume that the scores are normally distributed.

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Definitions:

Research And Analysis

A systematic investigation and study of materials, sources, etc., in order to establish facts and reach new conclusions, often used in various professional fields.

Growth

Achievement of a critical mass in the business, a point at which an adequate living is provided for the owner and family, with enough growth remaining to keep the business going.

Success-Disengagement Stage

A phase in the lifecycle of a business or career wherein achieving substantial accomplishments leads to reduced engagement or stepping away from active roles.

Supervision

The act of overseeing and managing the performance and productivity of employees to ensure tasks and objectives are accomplished.