The Procedure for Obtaining the Variance from the Standard Deviation

question 60

Multiple Choice

The procedure for obtaining the variance from the standard deviation is to:

• A)take the square root of the standard deviation
• B)square the standard deviation
• C)divide the standard deviation by 2
• D)multiply the standard deviation by 2

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Definitions:

Credit

The provision of goods, services, or money with the expectation of future payment, or an entry in accounting that increases liabilities and decreases assets.

Transactions

Financial events that involve the transfer of value between two parties, recording in accounting records.

Source Document

An original record or document that contains the details of a business transaction, used as the basis for recording and validating financial data.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's bookkeeping system is mathematically correct.