A Normal Population Has a Mean $\mu = 33$ And Standard Deviation

question 28

Multiple Choice

A normal population has a mean $\mu = 33$ and standard deviation $\sigma = 10$ What proportion of the population is less than 39?

• A) 0.2743
• B) 0.8106
• C) 1.0000
• D) 0.7257

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Definitions:

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed unrecoverable.

Balance Sheet

A list of the assets, liabilities, and owner’s equity as of a specific date, usually at the close of the last day of a month or a year.

Cash Realizable Value

The net amount of cash expected to be received from accounts receivable and other assets, taking into account any allowances for doubtful accounts.

Note Receivable

A financial document representing a borrower's promise to pay back a specified amount of money plus interest to a lender at a future date.