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In Mary's first math test she scored 87%. The mean and standard deviation for the class were 71% and 18% respectively. In her second math test, Mary scored 66%. The mean and standard deviation for the class were 53% and 14% respectively. In which test did Mary do better relative to the rest of the class? Explain your reasoning. (Hint: find the z-scores corresponding to her two test scores.)
Fixed Asset
Long-term tangible property, plant, or equipment that a firm owns and uses in its operations to generate income.
Book Value
The cost of a fixed asset minus accumulated depreciation on the asset.
Unearned Rent
Revenue received by a landlord for rent that has not yet been earned because the rental period has not occurred.
Net Income
The net income of a business once all costs and taxes are subtracted from the total earnings.
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