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

question 46

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.

---

Definitions:

Periodic Method

An inventory accounting system where cost of goods sold is determined at the end of an accounting period, not upon sale.

Cost of Goods Sold

Financial expenditures directly associated with producing the merchandise a company sells, involving costs of materials and labor.

Adjusting Entry

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

Unadjusted Trial Balance

A list of all the accounts and their balances from the general ledger before any adjusting entries are made.