Let Z Be a Normal Random Variable with Mean 0

question 38

Multiple Choice

Let z be a normal random variable with mean 0 and standard deviation 1.What is P(z > -1.1) ?

• A) 0.36432
• B) 0.8643
• C) 0.1357
• D) -0.1357
• E) -0.8643

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs, both variable and fixed, in the cost of producing each unit of a product.

Variable Costing

An accounting method that only allocates variable costs to the inventory; fixed manufacturing overhead is expensed as incurred.

Cost Structure

The composition of a company's costs, both fixed and variable, that are incurred in the operation of its business.

Variable Costing

An accounting method that only considers variable costs - costs that change with production volume - in calculating the cost of goods sold.