The Following Probability Distribution Has Been Assessed for the Number

question 152

Multiple Choice

The following probability distribution has been assessed for the number of accidents that occur in a Midwestern city each day: Based on this probability distribution, the standard deviation in the number of accidents per day is:

• A) 2.0
• B) 1.63
• C) 2.65
• D) 1.28

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Definitions:

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Stock Turn Rates

A measure of how quickly inventory is sold and replaced over a certain period.

Expenses Categories

The classification of expenditure that a business or individual incurs, organized into groups for financial tracking, analysis, and reporting.

Manufacturing

The process of producing goods and products in large quantities, often using machinery and in factories.