A Particular Data Set Follows the Bell-Shaped Pattern of a Normal

question 23

Multiple Choice

A particular data set follows the bell-shaped pattern of a normal distribution, with a mean of 3.5 minutes and a standard deviation of 1.1 minutes.What proportion of service times will be between 3.5 and 4.6 minutes?

• A)about .819
• B)about .764
• C)about .665
• D)about .77.6
• E)about .697

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Definitions:

Operating Activities

Activities that relate directly to the primary operations of the company, such as manufacturing, distributing, marketing, and selling a product or service.

Cash Receipts

All money (cash, checks, electronic transfers) received by a business, recorded in its accounting system, often associated with sales or other income.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Direct Method

A cash flow statement preparation approach that presents the specific cash flows associated with sources and uses of cash.