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Bogdan [553]
2 years ago
13

Graduate management aptitude test (gmat) scores are widely used by graduate schools of business as an entrance requirement. supp

ose that in one particular year, the mean score for the gmat was 473, with a standard deviation of 104. what values are three standard deviations within the mean?
Mathematics
1 answer:
klemol [59]2 years ago
7 0

The values that exist two standard deviations above and below the mean are 681 and 265.

<h3>How to determine the values?</h3>

The given parameters exist:

Mean = 473

Standard deviation =104

The values above and below the mean exist calculated utilizing:

$x=\bar{x} \pm n \sigma$

In this case n = 2.

So, we have, $x=\bar{x} \pm 2 \sigma$

The value above is:

x = 473 + 2 * 104 = 681

The value below is:

x = 473 - 2 * 104 = 265

Therefore, the values that exist two standard deviations above and below the mean are 681 and 265.

To learn more about standard deviation refer to:

brainly.com/question/937592

#SPJ4

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Based on the entries given, the balances when posted in T-accounts would be:

                                          Owner's Capital a/c

        Drawings                $2,000                    Balance c/d             $30,000

        Balance b/f          <u>  $40,000     </u>          Income summary       <u>  $12,000</u>

                                    <u>   $42,000 </u>                                               <u>   $42,000</u>

                                               Service revenue a/c

                                                                           Cash                      $58,000

Profit and loss account       <u>  $58,000</u>                                           <u>                  </u>

                                          <u>     $58,000  </u>                                       <u>  $58,000</u>

                                             Salaries and Wages

     Cash                            <u>     $39,000     </u>       Income summary<u>   $39,000</u>

                                         <u>      $39,000    </u>                                      <u>   $39,000</u>

                                             Supplies a/c

      Cash                      <u>         $ 7,000  </u>           Income summary <u>  $7,000</u>

                                     <u>          $7,000  </u>                                       <u>    $ 7,000</u>

                                         Income summary a/c

      Salaries and wages       $39,000            Service revenue     $58,000

      Supplies expense           $7,000

     Capital a/c                <u>      $12,000      </u>                              <u>                         </u>

                                        <u>    $58,000     </u>                                     <u>    $58,000</u>

Journal entries will be:

Date              Account title                                            Debit         Credit

                     Owner's capital                                   $2,000

                     Drawings                                                                  $2,000

Date              Account title                                            Debit         Credit

                     Income summary                                $46,000

                      Salaries and wages expense                                  $39,000

                       Supplies expense                                                    $7,000

Date              Account title                                            Debit         Credit

                     Service revenue                                $58,000

                     Income summary                                                   $58,000

Date              Account title                                            Debit         Credit

                     Income summary                                    $12,000

                     Owner's capital                                                         $12,000

<h3>What would be the closing balances?</h3>

The closing balance will close off the temporary accounts which include expense accounts such as salaries and wages, and supplies. They will be sent to the Income summary account.

The owner's capital account will receive the profit for the period and will be debited for any drawings made. Accounts should always balance as shown above.

Find out more on closing account balances at brainly.com/question/24914390.

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