If the Mean on a Test Is 90 and the Standard

question 67

Multiple Choice

If the mean on a test is 90 and the standard deviation is 10, a person with a z-score of -1.0 scored _____ on the test.

• A)70
• B)80
• C)90
• D)110

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Definitions:

Variable Costs

Financial outlays that adjust based on the quantity of products made or the scale of sales transactions.

Fixed Costs

Business expenses that do not change in proportion to the level of goods or services that a company produces over a short term.

CVP Income Statement

A financial statement that shows the effects of changes in cost and volume on a company's profits, based on Cost-Volume-Profit analysis.

Raw Material

Basic materials used in the production process that are transformed into finished goods.