Jane Computes the Variance for a Set of Data and Gets

question 34

Multiple Choice

Jane computes the variance for a set of data and gets the correct answer of 16. What is the standard deviation for this same set of data?

• A) 16
• B) 8
• C) 2
• D) 4

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Definitions:

Recorded

The act of documenting financial transactions in the accounting records.

Controlling Interest

Ownership of a sufficient portion of a company's stock to influence or control its activities and decisions.

Valuation Allowance Account

An account used to offset the value of deferred tax assets due to the likelihood that they will not be realized.

Consolidated Financial Statements

Financial statements that present the assets, liabilities, and operating results of a parent company and its subsidiaries as one entity, providing a complete picture of the financial health of the entire corporate group.