What Z-Score Value Separates the Highest 70% of the Scores

question 69

Multiple Choice

What z-score value separates the highest 70% of the scores in a normal distribution from the lowest 30%?

• A)z = 0.52
• B)z = 0.84
• C)z = -0.52
• D)z = -0.84

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Definitions:

Indirect Method

An approach used in cash flow statements to adjust net income for the effects of non-cash transactions to compute cash flow from operating activities.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues, indicating the net earnings attributable to shareholders.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use.

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of a company, reflected in its statement of cash flows.