Solve the Problem. -In a Certain Country, Weights of Women Are Normally Distributed

question 18

Multiple Choice

Solve the problem.
-In a certain country, weights of women are normally distributed with a mean of 138 lb and a standard deviation of 15 lb. What percentage of women in that country weigh more than 120 lb?

• A)88.49%
• B)53.98%
• C)11.51%
• D)1.20%

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Definitions:

Fair-Value Method

An accounting approach that measures and reports assets and liabilities on the basis of estimated real-world values at the current time, rather than historical purchase prices.

Investment Property

Real estate property that is purchased with the intention of earning a return through rental income, the future resale of the property, or both.

FVTPL

Fair Value Through Profit or Loss; a classification under IFRS for financial assets that are held for trading or designated upon initial recognition to be measured at fair value with changes recognized in profit or loss.

Hedge Accounting

A method of accounting where entries for the ownership of a security and the opposing hedge are treated as one, to show a more accurate financial position.