Consider a Population of 900 Values That Are Normally Distributed

question 44

Multiple Choice

Consider a population of 900 values that are normally distributed with a mean of 90 and standard deviation of 6. To the nearest integer, how many values are greater than 84?

• A) 757
• B) 769
• C) 785
• D) 791

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Definitions:

Interest Paid

The total amount of interest expenses a borrower has paid over a certain period to lenders for the use of borrowed funds.

Dividends Paid

The part of a corporation's profits paid out to its shareholders, typically as cash or more stocks.

Discount

It is a reduction from the usual cost of something, often applied to encourage early payment or to reward bulk purchases.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically expressed in terms of an annual percentage rate.