THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 79

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The number of orders that come into a mail-order sales office each month is normally distributed with a mean of 298 and a standard deviation of 15.4.
-What is the area under the normal curve between Z = 1.0 and Z = 2.0?

• A)0.0228
• B)0.1359
• C)0.3413
• D)0.4772

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Definitions:

Actual Rate

Often refers to the real, current exchange rate in currency markets, or the real rate of interest or return on investment.

Quantity Variance

Measures the difference between the actual amount of materials or labor used in production and the amount that should have been used, according to standards.

Standard Price

The predetermined cost of acquiring a product or receiving a service under normal conditions.

Pounds

Often refers to a unit of weight used primarily in the British imperial and United States customary systems.