A Standardized Test Has a Mean Score of 500 Points

question 124

Multiple Choice

A standardized test has a mean score of 500 points with a standard deviation of 100 points. Five students' scores are shown below. Adam: 575 Beth: 690 Carlos: 750 Doug: 280 Ella: 440 Which of the students have scores within two standard deviations of the mean?

• A) Adam, Beth, Ella
• B) Adam, Beth
• C) Adam, Beth, Carlos, Ella
• D) Carlos, Doug

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) as part of the cost base of a product.

Variable Costing

An accounting method that includes only variable production costs in product costs and treats fixed overheads as period costs.

Fixed Manufacturing Overhead

The sum of all regular, non-variable costs involved in manufacturing, including rent, salaries of permanent staff, and maintenance of equipment.

Absorption Costing

An accounting method that includes all manufacturing costs, such as direct materials, direct labor, and both variable and fixed manufacturing overhead, in the cost of a product.