The Weight Losses for Participants in a Large Exercise and Diet

question 28

Multiple Choice

The weight losses for participants in a large exercise and diet study vary according to a Normal distribution with mean 14.5 pounds and standard deviation 3 pounds.
Approximately what percent of the participants lose more than 20.5 pounds?

• A) 2.5 percent
• B) 16 percent
• C) 34 percent
• D) 50 percent
• E) 84 percent

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Definitions:

Residual Value

is the estimated amount that an entity would currently obtain from disposing of the asset, after deducting the estimated costs of disposal, at the end of its useful life.

Asset's Economic Life

The period over which an asset is expected to be economically useful to the owner.

Inception Date

The date on which an agreement, policy, or financial instrument becomes effective or is entered into.

Fair Value

A projected price for an asset or liability that could be transferred between agreeable, well-informed participants in a transaction that is free from any special relationship.