X Is a Normally Distributed Random Variable with a Mean

question 97

Multiple Choice

X is a normally distributed random variable with a mean of 22 and a standard deviation of 5. The probability that X is less than 9.7 is

• A)0.000
• B)0.4931
• C)0.0069
• D)0.9931

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Definitions:

Quarters

A three-month period on a financial calendar that acts as a basis for reporting earnings and paying dividends.

Operating Income

The profit realized from a business's core operations, excluding deductions for interest and taxes.

Income Statement

A financial statement that shows a company's financial performance over a specific accounting period, detailing revenues, expenses, profits, and losses.

Gain

The increase in equity resulting from the sale of a business asset for more than its carrying amount.