A National Study Found That the Average Family Spent $\$ 422$

question 711

Multiple Choice

A national study found that the average family spent $\$ 422$ a month on groceries, with a standard deviation of $\$ 84$ . The average amount spent on housing (rent or mortgage) was, $\$ 1120$ a month, with standard deviation $\$ 212$ . The expected total a family spends on food and housing is $422 + 1120$ $= \$ 1542$ . What is the standard deviation of the total?

• A) $228
• B) $295
• C) $128
• D) $148
• E) cannot be determined

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Definitions:

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

George Zimmer

An American entrepreneur known for founding Men's Wearhouse, a large men's clothing retailer.

Vision

A statement or concept that defines the desired future state or goal of an organization or individual, providing direction for planning and decision-making.

Mission Statement

articulates an organization's core purpose and values, guiding its strategic direction and decision-making.