The Average Length of Time Required to Complete a College

question 83

Short Answer

The average length of time required to complete a college achievement test was found to equal 75 minutes, with a standard deviation of 15 minutes. When should the test be terminated if you wish to allow sufficient time for 90% of the students to complete the test? (Assume that the time required to complete the test is normally distributed.)
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Definitions:

Partial Derecognition

The process in accounting where only a portion of a financial asset or liability is removed from the balance sheet.

Receivables

These are amounts owed to a business by its customers for goods or services delivered on credit.

GAAP

Generally Accepted Accounting Principles, a set of accounting rules and standards used in the United States for preparing financial statements.

IFRS

A collection of worldwide accounting rules for financial reporting, known as International Financial Reporting Standards.