A Statistics Student Receives a Grade of 85 on a Statistics

question 91

Multiple Choice

A statistics student receives a grade of 85 on a statistics midterm. If the corresponding z-score equals +1.5 and the standard deviation equals 7, the average grade on this exam is _______.

• A) 74.5
• B) 75.4
• C) 68.5
• D) 76.9

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Definitions:

Responsibility Accounting System

A system of accounting that involves assigning revenues and costs to the individuals or departments that are directly responsible for them.

Expenses

The money spent or costs incurred in an entity's efforts to generate revenue, representing the cost of doing business.

Managers

Individuals responsible for planning, directing, and overseeing the operations and fiscal health of a business unit or department.

Balanced Scorecard

A management and planning system designed to align an organization’s activities with its vision and strategy, enhance communication within and outside the organization, and track the organization's performance in comparison to its strategic objectives.