A Police Department Reports That the Probabilities That 0, 1 $\sigma = 0.55$

question 55

Multiple Choice

A police department reports that the probabilities that 0, 1, 2, and 3 burglaries will be reported in a given day are 0.50, 0.38, 0.10, and 0.02, respectively. Find the standard deviation for the probability distribution. Round answer to the nearest hundredth.

• A) \(\sigma = 0.55\)
• B) \(\sigma = 1.02\)
• C) \(\sigma = 0.74\)
• D) \(\sigma = 0.98\)

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Definitions:

Consolidation Worksheet

A consolidation worksheet is a tool used in the preparation of consolidated financial statements. It helps in the adjustment and elimination of intra-group transactions and balances among the parent and subsidiary companies.

Goodwill

An intangible asset that represents the excess of the purchase price over the fair market value of an acquired company's net assets, attributed to factors like reputation or customer loyalty.

Impairment

A decrease in the recoverable value of an asset below its carrying amount, leading to a write-down and charge against earnings.

Consolidating

The process of combining financial statements from multiple departments or subsidiaries within a company to create a single set of financial statements.