THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 270

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The police lieutenant in charge of the traffic division reviews the number of traffic citations issued by each of the police officers in his division.He finds that the mean number of citations written by each officer is 23.2 citations per day,with a standard deviation of 3.1.Assume that the distribution of the number of tickets issued is approximately bell-shaped.
-Which of the following statements is true?

• A)Almost all of the officers wrote somewhere between 20.1 and 26.3 citations per day.
• B)Almost all of the officers wrote more than 17 citations per day.
• C)Almost all of the officers wrote less than 15 citations per day.
• D)Approximately 95% of the officers wrote between 20.1 and 26.3 citations.

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Definitions:

Stock Dividend

A distribution of additional shares of a company’s own stock to its shareholders instead of cash, usually based on a fixed ratio to the current holdings.

Gain (Loss)

The financial result that occurs when the selling price of an asset is higher (gain) or lower (loss) than its purchase price.

Compute

To calculate or process by means of a computer or mathematical operations.

Held To Maturity

A classification for debt securities which an investor intends and is able to hold until maturity, recognizing interest income over the term.