If the Probability of Getting a Z-Score Between the Mean

question 5

Multiple Choice

If the probability of getting a z-score between the mean and +1 standard deviation is 0.3413,what is the probability of getting a z-score of +1 standard deviation or less?

• A)0.3413
• B)0.1587
• C)0.6587
• D)0.8413

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Definitions:

Master Budget

The master budget is a comprehensive financial planning document that consolidates all of a company's individual budgets, outlining its financial goals and plans.

Merchandising Company

A type of business that purchases finished goods for resale, making profits by selling these products at higher prices than their purchase costs.

Purchases Budget

A financial plan that estimates the cost and amount of goods or materials a company needs to buy over a specific period to meet its operational goals.

Sales Budget

A detailed projection of a company's sales for a future period, typically broken down by product line, region, or sales team.