In an Accounting Class of 200 Students,the Mean and Standard

question 77

Multiple Choice

In an accounting class of 200 students,the mean and standard deviation of scores was 70 and 5,respectively.Use the empirical rule to determine the number of students who scored less than 65 or more than 75.

• A)about 32
• B)about 64
• C)about 68
• D)about 136

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Definitions:

Uncollectible Accounts

Receivables that are deemed to be uncollectable from debtors, leading to their recognition as a loss.

Credit Policy

Guidelines that define the credit limits and terms extended by a business to its customers.

Percentage of Receivables Basis

A method for estimating uncollectible accounts by applying a fixed percentage to the total receivables balance.

Cash Realizable Value

The amount of money that can be received from an asset when it is liquidated or sold.