Use the 68-95-99.7 Rule to Solve the Problem

question 245

Multiple Choice

Use the 68-95-99.7 rule to solve the problem.
-Scores on a test are normally distributed with a mean of 101 and a standard deviation of 20. What percentage of scores are greater than 161?

• A)99.85%
• B)99.7%
• C)0.3%
• D)0.15%

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Definitions:

Receivable

Funds that customers owe to a business for products or services already provided but not yet compensated for.

Bad Debt Reserve

An account set aside by a business to cover unpaid debts that are unlikely to be recovered.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Deductions

Items of expenditure that the tax code allows taxpayers to deduct from income to arrive at taxable income.