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Problem 1: Which of the following statements about empirical rule is INCORRECT?
a- Before using the empirical rule, build a chart such as a histogram test to see if the data has a symmetrical, bell-shaped, normal distribution b- The empirical rule is used to test for quality and is sometimes called Six Sigma. c- The only requirement to use the empirical rule is to know the mean and the standard deviation d- If you find your chart is a bit lopsided, you can still use the empirical rule but your results will only be close, not perfect e- You can do a skewness calculation to see if the data is symmetrical, then use the empirical rule.
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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