A Recent Survey Was Conducted to Compare the Cost of Solar

question 44

Multiple Choice

A recent survey was conducted to compare the cost of solar energy to the cost of gas or electric energy. Results of the survey revealed that the distribution of the amount of the monthly utility bill
Of a 3-bedroom house using gas or electric energy had a mean of $143 and a standard deviation of
$8. If the distribution can be considered mound-shaped and symmetric, what percentage of homes
Will have a monthly utility bill of more than $135?

• A)approximately 34%
• B)approximately 84%
• C)approximately 16%
• D)approximately 95%

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Definitions:

Leased Receivable

An asset account that represents amounts owed by lessees to the owner of leased property, under the terms of lease agreements.

AASB 16

An Australian accounting standard that introduces a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases.

IFRS 16

An International Financial Reporting Standard that provides guidance on accounting for leases, requiring lessees to recognize most leases on their balance sheets.

Lease Receipts

Income received from leasing out an asset to a lessee under a lease agreement.