If X Is a Normal Random Variable with Standard Deviation

question 56

Multiple Choice

If X is a normal random variable with standard deviation 3.00, and if the probability that X is less than 7.64 is .648 (as shown below) , then what is the mean of X? (Note: the diagram is not necessarily to scale.)

• A) 5.6
• B) 6.0
• C) 6.2
• D) 6.5

Comprehend the distinctions and applications of the perpetual and periodic inventory systems.

Understand the documentation flow in inventory management and control.

Recognize the impact of inventory management on a company’s financial statements.

Understand internal controls related to inventory management and their importance.