For the Normal Distribution,the Mean Plus and Minus Two Standard

question 17

Multiple Choice

For the normal distribution,the mean plus and minus two standard deviations will include about what percent of the observations?

• A)50%
• B)99.7%
• C)95%
• D)68%

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Definitions:

Planning Budget

A planning budget is used for guiding a company's spending and operational goals before the start of a financial period.

Other Expenses

Financial outlays that do not fit into standard cost categories, often including unusual or infrequent costs.

Spending Variance

The difference between the actual amount spent in a budget category and the amount that was originally budgeted, indicating over or under-spending.

Customers Served

Refers to the total number of customers who have been provided with a service or product within a specific time frame.