The Mean of a Normal Probability Distribution Is 500 and the Standard

question 52

Multiple Choice

The mean of a normal probability distribution is 500 and the standard deviation is 10. About 95% of the observations lie between what two values?

• A)475 and 525
• B)480 and 520
• C)400 and 600
• D)350 and 650

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Definitions:

Pledging

The act of committing or promising to support something, often by donating money or another resource.

Finance Company

A business that provides loans to individuals or organizations, making profits from the interest charged on these loans.

Receivables

Money owed to a company by its clients or customers for goods or services provided on credit.

Floor Planning

A method used in retail and wholesale to finance inventory, where a loan covers the cost of goods held in stock until they are sold.