The Mean of a Set of Data Is 108

question 56

Multiple Choice

The mean of a set of data is 108.06 and its standard deviation is 115.45. Find the z score for a value of 489.67.

• A) 3.31
• B) 3.61
• C) 3.64
• D) 2.98

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Definitions:

Finished Goods

Refers to products that have completed the manufacturing process but have not yet been sold or distributed to end customers.

Cost

The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.

Finished Goods Inventory

The stock of completed products available for sale at the end of an accounting period.

Manufacturing Company

A business entity that engages in the production of goods using labor, machines, tools, and chemical or biological processing.