Provide an Appropriate Response

question 156

Multiple Choice

Provide an appropriate response.
-The mean score of a competency test is 82, with a standard deviation of 2. Between what two values do about 99.7% of the values lie? (Assume the data set has a bell-shaped distribution.)

• A)Between 76 and 88
• B)Between 80 and 84
• C)Between 78 and 86
• D)Between 74 and 90

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Definitions:

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in unit product costs.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a profit or loss.

Variable Costing

An accounting method that considers only variable costs as product costs and treats fixed costs as period costs that are expensed in the period incurred.

Income Statement

An income statement is a financial document that summarizes an organization's revenue, expenses, and profit or loss over a specific period.