Two Business Major Students, in Two Different Sections of Economics

question 92

Multiple Choice

Two business major students, in two different sections of economics, were comparing test scores. The following gives the students' scores, class mean, and standard deviation for each section. (i) The student from Section 2 scored better compared to the rest of their section.
(ii. The z-score of the student from section 1 is 1.28.
(iii) The z-score of the student from section 2 is 2.87.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (i) and (ii) are correct statements but not (iii).
• E) (ii) and (iii) are correct statements but not (i).

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Definitions:

Common Shares

A type of equity ownership in a corporation, with holders typically having voting rights and potentially receiving dividends, reflecting a share in the company's success or failure.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Total Assets

The sum of all current and non-current assets owned by a company, indicating its overall value.

Sales/Total Assets

A financial ratio that measures how efficiently a company is using its assets to generate sales.