Solve the Problem

question 29

Multiple Choice

Solve the problem. Round the standard score to the nearest tenth before using the z-score tables. Express your answer as
a percent rounded to hundredths of a percent.
-A final exam in Math 160 has a mean of 73 with standard deviation 7.73. Assume that a random sample of 24 students is selected and the test score of the sample is computed. Assuming the scores are normally distributed,
What percentage of sample means are less than 76?

• A)2.87%
• B)97.13%
• C)66%
• D)34%

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Definitions:

Control Account

An account used in accounting to summarize the total balances of multiple individual accounts, facilitating internal checks and balances.

Special Journals

Customized accounting journals used for recording and categorizing specific types of transactions such as sales, purchases, and cash receipts in an efficient manner.

General Journal

A fundamental accounting record where all transactions are initially documented through journal entries in chronological order.

Merchandise Credit

A type of voucher issued by retailers to a customer when returned merchandise cannot be refunded in cash, used for future purchases.