When Using the Empirical Rule, Which of the Following Assumptions

question 70

Multiple Choice

When using the empirical rule, which of the following assumptions is made?

• A) The data only comes from a sample.
• B) The data only comes from a population.
• C) The data are exactly symmetric and bell-shaped.
• D) The data are approximately symmetric and bell-shaped.

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Definitions:

Internal Accounting Controls

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Securities Exchange Act

A law governing the secondary trading of securities in the United States, aiming to ensure transparency and fairness.

Foreign Corrupt Practices Act

A U.S. law that prohibits companies and their intermediaries from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.

Accounting Records

Documents that chronicle financial transactions over the life of a company, serving as the basis for preparing financial statements.