For Every Normal Distribution

question 18

True/False

For every normal distribution, .9974 (99.74%) of the are under the curve lies between the mean and a point that is three standard deviations to the right and is three standard deviations to the left of the mean

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Definitions:

Variable Costs

Spendings that move in tandem with the level of output or number of sales.

Sales Dollars

The total revenue generated from the sale of goods or services before any expenses are deducted.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.

Contribution Margin

The difference between sales revenue and variable costs, which contributes towards covering fixed costs and earning profit.