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:

Machine Hours

A measure of the total operating time of machinery within a certain period.

Departmental Overhead Rates

The allocation of indirect costs to specific departments based on their respective shares of direct costs or activity drivers.

Assembly Rate

The speed or rate at which a product is assembled, which can affect production efficiency and output.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process of a company's products.