The Distribution of the Annual Incomes of a Group of Middle

question 43

Multiple Choice

The distribution of the annual incomes of a group of middle management employees approximated a normal distribution with a mean of $37,200 and a standard deviation of $800. About 68% of the incomes lie between what two incomes?

• A)$30,000 and $40,000
• B)$36,400 and $38,000
• C)$34,800 and $39,600
• D)$35,600 and $38,800

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to update certain accounts and report revenues and expenses in the appropriate period.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life.

Supplies Expense

An accounting term referring to the cost of supplies consumed or used by a business within a reporting period.

Worksheet

An accounting tool used for planning and preparing financial statements, typically including trial balance, adjusting entries, adjusted trial balance, and financial statements.