Approximately What Percent of Scores Fall Between the Mean and -1

question 15

Multiple Choice

Approximately what percent of scores fall between the mean and -1 to +1 standard deviations under the normal curve?

• A) 34%
• B) 14%
• C) 68%
• D) 95%

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Definitions:

Predetermined Overhead Rate

A rate calculated before a period begins, used to assign manufacturing overhead costs to products based on a relevant activity base.

Manufacturing Overhead Applied

The portion of manufacturing overhead costs allocated to each unit of production based on a predetermined rate.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Underapplied

Refers to a situation where the allocated manufacturing costs are less than the actual manufacturing costs incurred.