I Asymptotic, Means That the Normal Curve Gets Closer and Closer

question 65

Multiple Choice

i. Asymptotic, means that the normal curve gets closer and closer to the X-axis but never actually touches it. ii. When referring to the normal probability function, there is not just one of them; there is a "family" of them.
iii. Some normal probability distributions have equal arithmetic means, but their standard deviations may be different.

• 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) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

---

Definitions:

Available-For-Sale Debt Investments

Debt securities not classified as held-to-maturity or trading securities, carried at fair value, with unrealized gains or losses reported in other comprehensive income.

Trading Debt Investments

Debt securities bought and sold with the intention of profiting from short-term price fluctuations, recorded as current assets.

Unrealized Holding Gain/Loss

Gains or losses on investments that have not yet been sold, and thus the gain or loss has not been "realized."

Other Comprehensive Income

Revenues, expenses, gains, and losses that are not included in net income, but affect shareholders' equity.