The Average Score of 100 Students Taking a Statistics Final

question 38

Multiple Choice

The average score of 100 students taking a statistics final was 70 with a standard deviation of 7. Assuming a normal distribution,what test score separates the top 25% of the students from the lower 75% of students?

• A)70.00
• B)74.69
• C)65.31
• D)75.25

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Definitions:

Forecasting Risk

Forecasting risk involves the uncertainty in predicting future values of a variable or future occurrences of events, affecting planning and decision-making in businesses.

Cash Flow Forecasts

Estimates of the amount of money expected to flow in and out of a business over a specific period, used for budgeting and financial planning purposes.

NPV

Net Present Value is the difference between the current value of cash inflows and the current value of cash outflows over a period of time, used in capital budgeting to assess the profitability of an investment.

Simulation Analysis

A combination of scenario and sensitivity analyses.