The Normal Distribution or Bell-Shaped Curve from Statistics Provides an Example

question 13

Multiple Choice

The normal distribution or bell-shaped curve from statistics provides an example of a continuous probability distribution curve.While calculating the probability of the occurrence of an event, we find that the area under the curve in between the desired range of profitability values is 0.562.What does this mean?

• A)The probability of the occurrence of the event is 0.562 percent.
• B)The probability of the occurrence of the event is 56.2 percent.
• C)The probability of the occurrence of the event is 43.8 percent.
• D)The probability of the occurrence of the event is 0.438 percent.
• E)The probability of the occurrence can now be calculated by multiplying this number with the standard deviation.

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Definitions:

Operating Efficiency

A measure of how effectively a company uses its assets to generate revenue, often reflected in the ratio of operating income to total assets.

Full-Employment Economy

An economic condition in which virtually all who are able and willing to work are employed.

Network Structures

refer to the arrangement of connections and relationships between individuals, groups, or institutions, often used to describe organizational or social networks.

Delegation

The process of assigning responsibility and authority to subordinates to complete a task, while maintaining accountability for the outcome.