Use the Range Rule of Thumb to Approximate the Standard $15,42,53,7,9,12,14,28,47$

question 136

Multiple Choice

Use the range rule of thumb to approximate the standard deviation.
- $15,42,53,7,9,12,14,28,47$

• A) \(29.1\)
• B) \(15.8\)
• C) \(11.5\)
• D) \(16.6\)

Comprehend the impact of internal and external recruitment on an organization's dynamism and employee morale.

Understand the significance and challenges of nepotism in executive search practices.

Recognize the role of recruiters in attracting applicants and influencing their decision-making process.

Assess the relationship between employee referral programs and employee turnover rates.

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Definitions:

Direct Labor

Labor costs directly attributed to the production of goods or services, such as wages paid to factory workers or assembly line employees.

Direct Materials

Raw materials that can be directly associated with the production of a product and are included in the final product.

Standard Costs

Predetermined or budgeted costs serving as a benchmark for evaluating actual performance and cost control.

Actual Costs

The actual expenses incurred in producing a product or delivering a service, including all direct labor, materials, and overhead costs.