A Testing Bureau Reports That the Mean for the Population

question 6

Multiple Choice

A testing bureau reports that the mean for the population of Graduate Record Exam (GRE) scores is 500 with a standard deviation of 90. The scores are normally distributed. The raw score that lies at the 90th percentile is _________.

• A) 615.20
• B) 384.80
• C) 616.10
• D) 383.90

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Definitions:

Earnings Per Share

A measure of a company's profitability calculated by dividing its net income by the number of its outstanding shares.

Stock Splits

An action by a company to divide its existing shares into multiple ones to boost the stock's liquidity, though the company's overall market value stays the same.