Norms for a New Test of Mental Ability Were Obtained

question 24

Multiple Choice

Norms for a new test of mental ability were obtained from a large sample of the general population.The mean of the test was set to 100 and the standard deviation was 15.Approximately what percentage of the population would fall within the range bounded by scores of 85 and 115?

• A) 20 percent
• B) 68 percent
• C) 2 percent
• D) 98 percent

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Definitions:

FOB (Free On Board)

A term used in shipping agreements to indicate that the seller is responsible for goods until they are loaded on a transport vessel, after which the buyer assumes responsibility.

Delivery Ex-Ship

Delivery Ex-Ship (DES) is a term used in international trade that indicates the seller is responsible for delivering the goods to a designated port and the buyer is responsible for unloading.

Risk Of Loss

A legal principle determining who bears the financial burden if goods are damaged, destroyed, or lost during a transaction.

Types Of Title

Distinct legal rights to own, use, and manage property, including full ownership and leasehold.