The Average Age of Stokes County School Board Members Over

question 88

Multiple Choice

The average age of Stokes County school board members over the last 40 years has been 46, but members have ranged from 29 to 67. Use the range rule of thumb to estimate the
Standard deviation of the members' ages.

• A) 9.5
• B) 24
• C) 47.3
• D) 19

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Fair Value Enterprise Method

A valuation approach that estimates the value of an entire enterprise based on the fair value of its assets and liabilities.

Equity Method

An accounting technique used by companies to record their investments in other companies, based on the equity or ownership stake in those companies.

Amortization

The process of gradually writing off the initial cost of an asset over its useful life, applicable to intangible assets.