A Frequency Distribution Has a Mean of 200 and a Standard

question 88

Multiple Choice

A frequency distribution has a mean of 200 and a standard deviation of 20. The class limits for one class are 220 up to 240. Based on the normal distribution,what is the probability that an observation would be in this class?

• A)0.1359
• B)0.3413
• C)0.4772
• D)0.8185

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Definitions:

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, representing the expected cash inflow from the sale of inventory.