Assume That Your Class Took an Exam Last Week and the Mean

question 8

Multiple Choice

Assume that your class took an exam last week and the mean and standard deviation of the exam were 85 and 5, respectively. Your instructor told you that 30 percent of the students had a score of 90 or above. You would probably

• A) think that your instructor was out of her mind.
• B) decide that your score of 80 would probably fall in the failing range.
• C) conclude that the scores were not normally distributed.
• D) conclude that such a set of scores could not possibly happen.

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Definitions:

Error Location

The process or act of identifying the specific spot within a data set, document, or system where a mistake or discrepancy has occurred.

Journal

A log where every financial transaction is first recorded in the order of occurrence.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, bonds payable, and accounts payable.

Ledger

A book or other collection of financial accounts of a particular type, where transactions are recorded.