A) 131
B) 1

question 28

Multiple Choice

$$\begin{array}{l}\text { Give the variance of the following distribution? }\\\begin{array} { l | c c c c c } \boldsymbol { X } & 0 & 1 & 2 & 3 & 4 \\\hline \boldsymbol { P } ( \boldsymbol { X } ) & 0.20 & 0.35 & 0.10 & 0.25 & 0.10\end{array}\end{array}$$

• A) 1.31
• B) 1.83
• C) 1.25
• D) 1.71

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Definitions:

Inventory Controls

Systems and procedures implemented by a company to manage its inventory efficiently and minimize costs.

Merchandise

Goods that are bought and sold by a business in the regular course of its operation.

Adjusted Trial Balance

A statement prepared after adjusting entries are made, used to verify the balance of debits and credits before preparing financial statements.

End-of-period Spreadsheet

A tool used in accounting to gather all the financial data and adjustments needed to prepare financial statements at the end of an accounting period.