A Business Has Five Customer Service Telephone Lines

question 36

Multiple Choice

A business has five customer service telephone lines. Let x denote the number of lines in use at any given time. Suppose that the probability distribution of x is as follows: Find the standard deviation of x. Round your answer to two decimal places.

• A)2.5
• B)1.33
• C)0.98
• D)1.22
• E)1.25

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Definitions:

Gross Profit

Revenue minus the cost of goods sold, indicating the efficiency of a company in managing its labor and supplies in producing goods.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding direct production costs, such as rent, utilities, and administrative salaries.

Perpetual Inventory System

An inventory accounting system where adjustments to inventory levels are continuously recorded on a transaction by transaction basis.

Acquisition of Merchandise

The process of obtaining goods for sale, typically involving selection, ordering, and purchasing from suppliers.