Suppose That the Average Weight of a 12-Month-Old Baby Is

question 72

Multiple Choice

Suppose that the average weight of a 12-month-old baby is 23 pounds and 80% of 12-month-old babies weigh between 21 and 25 pounds. If the average weight of a 24-month-old baby is 33 pounds, between what weights should you expect 80% of 24-month-old babies to fall?

• A) between 32 and 34 pounds
• B) between 31 and 35 pounds
• C) between 30 and 36 pounds
• D) The answer cannot be determined from the information given in this question.

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Definitions:

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.

Allowance for Doubtful Accounts

An account that offsets assets, designed to predict the amount of a company’s accounts receivable that is likely to be uncollectible.

Normal Balance

The side (debit or credit) of an account that is positive or increasing in nature, depending on the type of account.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.