A Report on Spending by Adults on Recreation Stated the Following

question 123

Multiple Choice

A report on spending by adults on recreation stated the following: At least 75 percent of the people in the survey spend between $750 and $1,250 per year. The report also said that at least 88 percent spend between $625 and $1,375 per year. Given this information, which of the following is most apt to be true?

• A) The standard deviation is approximately $125.
• B) The distribution of spending on recreation can be assumed to be bell-shaped.
• C) The standard deviation is approximately $187.5.
• D) The standard deviation is approximately $250.

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Definitions:

Mission Statement

A formal, succinct statement declaring the goals, purpose, and values of an organization or company.

Short-Term

Relating to or occurring within a brief period of time, typically less than a year.

Meaningful

Something that holds significant importance or relevance, often in a way that is personal or impactful to individuals or communities.

Numerical

Relating to numbers, or expressed in numbers, often used to quantify or measure aspects in various fields.