In a T-F Exam with 100 Questions, Passing Requires a Score

question 69

Multiple Choice

In a T-F exam with 100 questions, passing requires a score of at least 60. What is the approximate normal probability that a "guesser" will score at least 60 points?

• A).0287
• B).4713
• C).0251
• D).0377

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Definitions:

Net Investment

The total spending on new capital assets minus the depreciation on existing assets, indicating the growth in a company’s or economy's capital stock.

Depreciation

The method by which a company allocates an asset's cost over its useful life, reflecting the consumption of the asset's economic benefits.

Disposable Income

The reserve of funds households possess for spending and saving after income tax payments.

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use.