From Past History, the Scores on a Statistics Test Are

question 36

Multiple Choice

From past history, the scores on a statistics test are normally distributed with a mean of 70% and a standard deviation of 5%. To earn an "A" on the test, a student must be in the top 5% of the class. What should a student score to receive an "A"?

• A) 80.84
• B) 75.49
• C) 78.2
• D) 76.90

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Definitions:

Common Shares

Equity securities that signify ownership in a corporation and entitle the holder to a vote at shareholders' meetings and to receive dividends.

Preferred Shares

A class of ownership in a corporation that has a higher claim on its assets and earnings than common shares, often paid dividends before common shareholders.

Treasury Shares

Previously outstanding shares repurchased by a corporation that are not canceled or restored to unissued status.

Repurchased Shares

Stocks that have been bought back by the issuing company from shareholders, reducing the amount of outstanding shares on the market.