SAT Scores Are Normally Distributed and Have a Mean of 500

question 33

Multiple Choice

SAT scores are normally distributed and have a mean of 500 and a standard deviation of 100. Which range of scores would include approximately 34 percent of all scores?

• A)300-400
• B)400-600
• C)450-550
• D)500-600

Analyze the consequences and enforcement of contracts involving illegal actions.

Distinguish between regulatory and revenue-raising licensing statutes and their impact on contract enforcement.

Recognize enforceability issues related to noncompetition clauses within contracts.

Identify factors considered by courts in determining the legality and enforceability of agreements based on public policy.

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company’s profitability over a specific time period.

Equity Method

An accounting technique used by companies to assess the profits earned through their investments in other companies, reflecting these profits as income.

Dividends

Payments made by a corporation to its shareholders from its profits or reserves, usually in the form of cash or additional shares.

Recognized Gain

An increase in the value of an asset that has been sold or deemed to have increased in value officially on financial statements.