At Netflix, the Time It Takes for a Returned DVD

question 118

Multiple Choice

At Netflix, the time it takes for a returned DVD to be re-filed and for the next DVD to be submitted for shipping to the customer follows a bell-shaped pattern, with a mean of 194 seconds and a standard deviation of 42 seconds.What proportion of the "turnaround" times are longer 180 seconds?

• A).7823
• B).6589
• C).7132
• D).6293
• E).6827

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide how particular types of transactions and other events should be reported in financial statements.

GAAP

A standard collection of rules and standards for accounting that are widely used across the United States.

Asset Impairments

The reduction in the book value of an asset when its fair market value falls below its carrying amount on the balance sheet.

Depreciation Methods

Various approaches used to allocate the cost of a tangible asset over its useful life, such as straight-line, declining balance, or units of production methods.