Suppose You Are Working with a Data Set That Is

question 44

Multiple Choice

Suppose you are working with a data set that is normally distributed with a mean of 400 and a standard deviation of 20. Determine the value of x such that 60% of the values are greater than x.

• A) 404.5
• B) 395.5
• C) 405.0
• D) 395.0
• E) 415.0

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Definitions:

Unused Capacity

The available but unutilized production capability or volume in a given period, indicating inefficiencies or room for output expansion.

Cost Object

Anything for which cost data are desired. Examples of cost objects are products, customers, geographic regions, and parts of the organization such as departments or divisions.

Indirect Cost

Costs that are not directly traceable to a specific product, project, or activity, such as utilities, rent, and administrative expenses.

Direct Cost

A cost that can be easily and conveniently traced to a specified cost object.