What Proportion of the Data from a Normal Distribution Is

question 44

Multiple Choice

What proportion of the data from a normal distribution is within two standard deviations from the mean?

• A) 0.3413
• B) 0.4772
• C) 0.6826
• D) 0.9544
• E) 0.8290

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Definitions:

LIFO

An inventory valuation method that assumes the last items of inventory purchased are the first ones sold ("Last In, First Out").

Average-Cost Method

An inventory costing method that assigns a cost to inventory items based on the average cost of all similar goods available during the period.

Ending Inventory

The value of goods available for sale at the end of an accounting period, determined by physical counts or accounting methods.

LIFO

Stands for Last In, First Out, an inventory valuation method where the most recently produced or purchased items are recorded as sold first.