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An accounts receivable auditor is examining accounts for a client. The accounts receivable balance can be considered as a continuous random variable that exhibits normal distribution characteristics. The mean amount due per account is $5000. The standard deviation from the mean is $1000. The auditor selects an account at random.

The probability that the account selected by the Auditor has a balance which is outside of the range between $6500 and $7000 is:

A. .05
B. .10
C. 1.20
D. .96
E. .00

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9370140

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