If the Mean and Standard Deviation for Grade Point Average

question 25

Multiple Choice

If the mean and standard deviation for grade point average are 2.0 and .5, respectively, the mean and standard deviation for weight are 100 and 20 respectively, and the r between GPA and weight is .00, what would be the best prediction of GPA for a person weighing 120 pounds?

• A) 1.5
• B) 2.0
• C) 2.5
• D) Need to know error of estimate data

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Definitions:

Net Income Determination

The process of calculating a company's total earnings after subtracting all expenses, including taxes and costs, from total revenues.

Accrual Accounting

An accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.

Cash Basis

An accounting method where revenues are recognized when cash is received and expenses are recognized when paid.

Costs Expire

This concept relates to the recognition of expenses in the income statement when the underlying value or utility of the cost is consumed or no longer exists.