Solve the Problem. -The Amount of Snowfall Falling in a Certain Mountain Range

question 38

Multiple Choice

Solve the problem.
-The amount of snowfall falling in a certain mountain range is normally distributed with a mean of 74 inches, and a standard deviation of 12 inches. What is the probability that the mean annual snowfall during 36 randomly picked years will exceed 76.8 inches?

• A)0.0026
• B)0.5808
• C)0.4192
• D)0.0808

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Definitions:

Equity Method of Accounting

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor’s share of the investee’s income, losses, and dividends received.

Capital Account Balances

The amounts recorded in the capital account of a company or individual, reflecting initial investment plus retained earnings minus any withdrawals.

Liquidating

The process of converting assets into cash or cash equivalents by selling them.