Sonny and Cher Have a Net Worth of $35,000 and Total

question 61

Multiple Choice

Sonny and Cher have a net worth of $35,000 and total assets of $200,000.If their revolving credit and unpaid bills total $2,200,what are their long-term liabilities?

• A)$115,000
• B)$140,000
• C)$142,200
• D)$162,800
• E)$165,000

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Definitions:

Normal Distribution

A bell-shaped curve that represents the distribution of many types of data where most observations cluster around the mean.

Standard Error

A measure of the variability or dispersion of a sampling distribution.

Margin of Error

The largest anticipated discrepancy between the actual population parameter and its estimate derived from a sample.

Normal Distribution

A symmetric, bell-shaped distribution of data in which most of the observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions.