Professor Elderman Has Given the Same Multiple-Choice Final Exam in His

question 113

Multiple Choice

Professor Elderman has given the same multiple-choice final exam in his Principles of Microeconomics class for many years. After examining his records from the past 10 years, he finds that the scores have a mean of 76 and a standard deviation of 12. Professor Elderman offers his class of 36 a pizza party if the class average is above 80. What is the probability that he will have to deliver on his promise?

• A) 0.0228
• B) 0.3707
• C) 0.6293
• D) 0.9772

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Definitions:

Expense Form

A document used by employees to report out-of-pocket expenses for which they request reimbursement.

Check Form

A document used to authorize a bank to pay a specified sum of money from the account holder's account to a named individual or entity.

Accounts Payable

This refers to the amounts due by a business to its suppliers or other parties for goods and services received but not yet paid for.

Accounts Payable Transaction

Financial activities related to the money owed by a company to its creditors or suppliers for goods and services received.