Standard normal random variable
If z is a standard normal random variable, the area between z = 0.0 and z =1.20 is 0.3849, while the area between z = 0.0 and z = 1.40 is 0.4192. What is the area between z = -1.20 and z = 1.40?
1. 0.0808
2. 0.1151
3. 0.0343
4. 0.8041
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Kathleen Cole Inc. acquired the following assets in January of 2012. Equipment, estimated service life, 5 years; salvage value, $15,000 $525,000 Building, estimated service life, 30 years; no salvage value $693,000.
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Jonathan owns 100% of Lemon Company. In the current year, Lemon recognizes a long-term capital gain of $70,000 and no other income (or loss).
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