Find the Z Value Such That P(−z ≤ Z ≤

question 4

Multiple Choice

Find the z value such that P(−z ≤ Z ≤ z) = 0.95.

• A) z = −1.645
• B) z = −1.96
• C) z = 1.645
• D) z = 1.96

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Definitions:

Residual Value

The anticipated residual value of an asset when it reaches the end of its functionality period.

Estimated Value

A valuation measure based on an appraisal, cost, or pricing models to determine the likely selling price or value of an asset.

Fixed Asset

An asset with long-term use or value, such as land, buildings, and machinery, typically not easily converted into cash within a year.

Appraisal Value

The estimated money value of a property, as determined by a qualified appraiser.