From Past History, the Scores on a Statistics Test Are

question 20

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 a "B" on the test, a student must be in the top 15% of the class. What should a student score to receive a "B"?

• A) 75.18
• B) 75.49
• C) 81.48
• D) 76.90

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Definitions:

Net Method

An accounting method that records the net of discounts or expenses directly on invoices at the time of purchase or sale.

Selling Price

The price at which a product or service is sold to customers, reflecting the cost plus any added profit margin.

Acquisition Differential

This refers to the difference between the purchase price of a company and the fair value of its identifiable net assets.

Straight Line Amortization

A method of gradually writing off the initial cost of an asset over its useful life in equal installments.