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The Ages of Students at a University Are Normally Distributed

question 17

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The ages of students at a university are normally distributed with a mean of 21. What percentage of the student body is at least 21 years old?


Definitions:

Bond Discount Amortized

The process of gradually writing off the discount on bonds payable over the life of the bonds, affecting interest expense on the income statement.

Bond Premium Amortization

The process of gradually expensing the premium paid over the par value of a bond over its life.

Effective Yield

The total yield of a bond once all charges are factored in, expressed as an annual percentage.

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