A Given Set of Normally Distributed Data Values Has a Mean

question 51

Multiple Choice

A given set of normally distributed data values has a mean of 75, a standard deviation of 8.50 and a z-score of 2.45.What is the approximate value of x₁?

• A)20.82
• B)51.00
• C)54.18
• D)95.85
• E)83.82

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales or revenue; it is calculated by dividing net sales by average total assets.

Long-term Investments

Investments made with the intention to hold for more than one year, typically in bonds, stocks, or real estate, aiming for long-term capital growth.

Quick Ratio

A financial ratio that measures the ability to pay current liabilities with quick assets (cash, marketable securities, accounts receivable).

Account Payable

Financial obligations or debts owed by a business to its suppliers or creditors for goods and services received.