Provide an Appropriate Response

question 17

Multiple Choice

Provide an appropriate response.
-Most problems involving normally distributed variables are one of two types. Type A: Find a probability or percentage, e.g. find the probability that X lies in a specified range. Type B: Find the observation corresponding to a given probability or percentage. Suppose that scores on a test are normally distributed with a mean of 80 and a standard deviation Of 8. Which of the following questions below are of type B?
A. Find the 80th percentile.
B. Find the cutoff for the A grade if the top 10% get an A.
C. Find the percentage scoring more than 90.
D. Find the score that separates the bottom 30% from the top 70%.
E. Find the probability that a randomly selected student will score more than 80.

• A)a, b, d
• B)b, d
• C)a, b, c, d
• D)c, e

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Definitions:

Total Control

A management approach where every aspect of a project, process, or organization is under direct control with no external influences.

Gainsharing Plans

Performance-based compensation programs that share the financial benefits of efficiency improvements, increased productivity, or cost savings with employees.

Organizational Resources

Assets, both tangible and intangible, that an organization utilizes to operate and achieve its objectives.

Sales Incentives

Financial or non-financial rewards offered to sales personnel to motivate them to increase sales performance.