For Any Normally Distributed Random Variable with Mean μ and Standard

question 5

Multiple Choice

For any normally distributed random variable with mean μ and standard deviation σ,the percent of the observations that fall between and is closest to ______.

• A)68%
• B)68.26%
• C)95%
• D)95.44%

---

Definitions:

Fixed Selling

Costs that remain constant regardless of the volume of goods or services sold.

Direct Labor-Hours

The total hours worked by employees that are directly involved in the manufacturing process.

Raw Materials Cost

The expense of materials that are used in the manufacturing process to create goods, not yet processed or altered.

Direct Labor Wage

The remuneration paid to employees who are directly involved in the production of goods or the provision of services.