Find the Value of the Probability of the Standard Normal

question 196

Multiple Choice

Find the value of the probability of the standard normal variable Z corresponding to the shaded area under the standard normal curve. P ( Z > 1.14 )

• A) P ( Z > 1.14 ) = 0.1271
• B) P ( Z > 1.14 ) = 0.1056
• C) P ( Z > 1.14 ) = 0
• D) P ( Z > 1.14 ) = 0.1131

---

Definitions:

Finished Goods Warehouse

A storage area or facility where manufactured products are kept until they are sold or distributed to customers.

Process Costing System

A costing method used for homogenous products, distributing costs across units of output on an average basis.

Weighted-Average Method

The weighted-average method averages costs over a specific period, often used in inventory valuation and cost of goods sold calculation in manufacturing and inventory management.

Equivalent Units

A concept used in process costing to express the amount of work done on incomplete units in terms of fully completed units, facilitating cost calculations.