Given That the Random Variable X Is Normally Distributed with a Mean

question 42

Multiple Choice

Given that the random variable X is normally distributed with a mean of 80 and a standard deviation of 10,P(85 11ea936b_b5ad_521a_b28d_990181381f2c_TB13 6_11X $\leq$ 90) is

• A) 0.5328
• B) 0.3413
• C) 0.1915
• D) 0.1498

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Definitions:

Aging

A method used in accounting to categorize and assess the financial health of receivables or inventory based on the period they have been outstanding or in stock, respectively, to identify potential losses or risks.

Accounts Receivable

Liabilities of customers to a business entity for services or products provided but still awaiting payment.

Bad Debts Expense

An estimated expense that represents accounts receivable that a company does not expect to collect.

Normal Balance

Normal balance refers to the side of the accounting equation on which increases to an account are recorded, which is debits for asset and expense accounts, and credits for liability, equity, and revenue accounts.