Which of These Variables Is Most Likely to Follow a Normal

question 103

Multiple Choice

Which of these variables is most likely to follow a Normal model for U.S. adults?

• A) ACT scores
• B) eye color
• C) monthly mortgage
• D) income
• E) commuting time

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Definitions:

Useful Lives

The estimated periods of time over which fixed assets, such as machinery or buildings, are expected to be used by a business.

Straight-line Method

A method of calculating depreciation or amortization by evenly distributing the cost of an asset over its expected useful life.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, representing its decrease in value over time.

Shipping Costs

Expenses associated with transporting goods from one location to another, often considered part of the cost of sales or inventory.