An Analysis of the Grades on the First Test in History

question 122

Multiple Choice

An analysis of the grades on the first test in History 101 revealed that they approximate a normal curve with a mean of 75 and a standard deviation of 8. The instructor wants to award the grade of A to the upper 10 percent of the test grades. What is the dividing point between an A and a B grade?

• A) 80
• B) 85
• C) 90
• D) 95

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Definitions:

Current Ratio

A financial ratio that measures a company's ability to cover its short-term liabilities with its short-term assets, calculated as current assets divided by current liabilities.

Working Capital

The difference between a company's current assets and current liabilities, indicating the amount of liquid assets available to fund its day-to-day operations.

Chart of Accounts

A structured list of all the financial and nominal accounts in a company, detailing every type of transaction a business might conduct.

Accounting System

A structured process of collecting, recording, summarizing, and interpreting financial information of a business.