Final answer:
The displayed value $5,950.35 is created by format b. COMMA8.2. This format uses commas as thousands separators and two decimal places for cents, which is standard for representing currency values. Correct decimal placement in monetary values is crucial for accuracy in financial representation.
Step-by-step explanation:
The student has asked which format creates the displayed value $5,950.35. The correct answer is b. COMMA8.2, which indicates that the number should be formatted with a comma as a thousands separator and two decimal places to represent cents. In the provided list, this is the only format that directly corresponds to the conventional way of displaying currency amounts, with commas separating thousands and precisely two digits following the decimal to represent cents. This standard formatting style helps in comparing incomes or understanding international dollars in financial contexts.
To convert a raw number like 965 to a monetary value with the correct decimal placement, we make it 9.65 and keep track of the change by using an exponent, thus it becomes 9.65 × 10². In this operation, we represent that we have moved the decimal point two places to the left, referred to as being multiplied by ten to the second power. This is important for accurately representing monetary values, such as a weekly salary, where the difference between $965 and $9.65 is significant.