A Company Had 80 Employees Whose Salaries Are Summarized in the Frequency

question 66

Multiple Choice

A company had 80 employees whose salaries are summarized in the frequency distribution below. Find the standard deviation. $$\begin{array} { r | c } \text { Salary (dollars) } & \text { Employees } \\\hline 5,001 - 10,000 & 19 \\10,001 - 15,000 & 14 \\15,001 - 20,000 & 12 \\20,001 - 25,000 & 16 \\25,001 - 30,000 & 19\end{array}$$

• A) $8195.1
• B) $8422.8
• C) $7588.1
• D) $7967.5

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Definitions:

Accounting Relationships

The connections and correlations between different financial statements and accounts within a business's accounting system.

Capital Intensity Ratio

A measure of the amount of capital needed per dollar of revenue, indicating the level of investment required to sustain operations.

Fixed-Asset Utilization

Fixed-asset utilization is a measure of how efficiently a company is using its fixed assets, like plant, property, and equipment, to generate sales or revenue.

Internal Growth Rate

The maximum growth rate a company can achieve without needing to secure additional financing.