On a Multiple Choice Test with 26 Questions, Each Question

question 34

Multiple Choice

On a multiple choice test with 26 questions, each question has four possible answers, one of which is correct. For students who guess at all answers, find the standard deviation for the number of correct answers.

• A) 48.8
• B) 23.8
• C) 2.2
• D) 4.9

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Definitions:

Budgeted Amount

The total amount of money that has been allocated for a specific purpose or period of time.

Return on Assets

A financial ratio that measures the profitability of a company in relation to its total assets.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Sales

The activities involved in selling products or services, ultimately generating revenue for a business.