It Is Estimated That 30% of Households Own a Riding

question 22

Multiple Choice

It is estimated that 30% of households own a riding lawn mower. A sample of 14 households is studied. What is the standard deviation of the number of households who
Own a riding lawn mower?

• A) 2.94
• B) 1.7146
• C) 14
• D) 4.2

---

Definitions:

Price-Earnings Ratio

A valuation metric for a company, calculated as its current share price divided by its per-share earnings.

Market Price per Share

The current price at which a company's shares are being traded on the stock market.

Unusual Items

Financial events that are not typical for the normal business operations and are unlikely to recur, affecting a company's financial statements.

Accounting Principles

Fundamental guidelines or rules that underpin the process of accounting, including concepts like the matching principle, revenue recognition, and historical cost.