A Survey Asked 805 People How Many Times Per Week

question 37

Multiple Choice

A survey asked 805 people how many times per week they dine out at a restaurant. The results are presented in the following table.

$\begin{array} { c c } \hline \text { Number of Times } & \text { Frequency } \\\hline 0 & 100 \\1 & 267 \\2 & 220 \\3 & 111 \\4 & 51 \\5 & 25 \\6 & 24 \\7 & 7 \\\hline \text { Total } & 805\end{array}$

Consider the 805 people to be a population. Let X be the number of times per week a person dines out For a person sampled at random from this population. Compute the standard deviation

• A) 2.1
• B) 1.5
• C) 2.2
• D) 1.9

Understand the defining characteristics of small businesses and their importance in the economy.

Identify the common reasons behind small business failures and strategies to mitigate these risks.

Recognize the unique challenges and benefits associated with family businesses.

Comprehend the critical aspects of business planning, including necessary components of a successful business plan.

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Definitions:

Revenues

The overall income earned from transactions of goods or services central to a business's core functions.

Operating Revenues

The income earned from a company's main business operations, excluding income from investments or secondary sources.

Operating Expenses

The costs associated with the normal operations of a business, excluding costs related to producing goods or services, like rent, utilities, and salaries.

Interest Expense

The cost incurred by a company for borrowed funds, shown as an expense on the income statement.