Find the Value X for Which

question 14

Short Answer

Find the value x for which
A) P( ≥ x) = 0.005.
B) P( > x) = 0.025.
C) P( < x) = 0.005.
D) P( < x) = 0.025.

• A) P( ≥ x) = 0.005.
• B) P( > x) = 0.025.
• C) P( < x) = 0.005.
• D) P( < x) = 0.025.

---

Definitions:

Standard Material Requirement

The specified quantity of materials required to produce a set number of units of a product according to the standard production process.

Currently Attainable Standards

Performance levels that can be achieved under current working conditions with reasonable effort.

Ideal Standards

Standards set based on the best possible conditions with no allowance for inefficiencies, used for benchmarking and goal-setting.

Price Variance

The difference between the actual price paid for a good or service and its expected price, often used in budgeting and cost control.