According to the Empirical Rule, Approximately ___________% of the Observations

question 93

Short Answer

According to the Empirical Rule, approximately ___________% of the observations lie within plus and minus one standard deviation of the mean.

---

Definitions:

Partial Equity Method

An accounting method used by companies to record their investments in other companies when they can exert significant influence but do not have full control.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its tangible and identifiable intangible assets.

Partial Equity Method

An accounting technique used when an investing company does not have significant influence over the investee but still wants to record its investment's profit and loss proportionately.

Equity Method

An accounting technique used to record investments in associate companies where the investor has significant influence, typically reflected by owning 20%-50% of voting stock.