Professors at a Local University Earn an Average Salary of $80,000

question 36

Multiple Choice

Professors at a local university earn an average salary of $80,000 with a standard deviation of $6,000.The salary distribution is approximately bell-shaped.What can be said about the percentage of salaries that are less than $68,000 or more than $92,000?

• A)About 5 percent
• B)About 32 percent.
• C)About 68 percent.
• D)About 95 percent.

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Definitions:

Goodwill Impairment

The process of reducing the book value of goodwill on the balance sheet if the fair value of the entity is less than its carrying amount.

Intercompany Sales

Transactions involving the exchange of goods or services between subsidiaries of the same parent company.

After-Tax Dollar Value

The net value of an investment, income, or transaction after accounting for the effects of income taxes.

Realized Profits

The gains earned and received from the sale of assets or investments.