A Commuter Travels Many Miles to Work Each Morning

question 88

Multiple Choice

A commuter travels many miles to work each morning.She has timed this trip 5 times during the last month.The time (in minutes) required to make this trip was 38, 33, 36, 47, and 41.What is the standard deviation for these sample data?

• A)28.5
• B)11
• C)22.8
• D)5.34
• E)4.77

---

Definitions:

Cost Differentiation Strategy

A business strategy aiming to offer products or services differentiable from competitors' based on features, quality, or service rather than competing primarily on price.

Product Differentiation Strategy

A business approach aimed at distinguishing a product or service from others in the market to attract a specific customer segment.

Inventory Turnover Ratio

Inventory turnover ratio is a financial metric that measures how many times a company's inventory is sold and replaced over a specific period, indicating efficiency in inventory management.

Net Profit Margin

A financial metric showing the amount of each sales dollar left over after all expenses have been paid.