Find the Indicated Percentage for the Normally Distributed Variable

question 1

Multiple Choice

Find the indicated percentage for the normally distributed variable. Round your answer to two decimal places, if necessary.
-A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and astandard deviation of 50. What percentage of the ratings will be between 200 and 300?

• A)95%
• B)47.27%
• C)97.72%
• D)47.72%

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Definitions:

Period Cost

Costs that are not directly tied to the production of goods and are expensed in the period they are incurred.

Financial Accounting

The practice of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

Managerial Accounting

The practice of analyzing, presenting, and interpreting financial data to help managers make informed business decisions.

Economic Events

Transactions and occurrences that affect the financial position of a business, including sales, purchases, and investments.