Based on the Empirical Rule We Can Assume That All

question 70

True/False

Based on the empirical rule we can assume that all bell-shaped distributions have approximately 95 percent of the values within ± 2 standard deviations of the mean.

---

Definitions:

Relevance

The quality of information that makes it significant and useful for decision-making purposes.

Chief Management Accountant

A senior-level executive responsible for overseeing a company's management accounting, providing financial insights and strategies for decision-making.

Controller

A senior financial officer in a company responsible for overseeing accounting and financial reporting.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits.