Find the Standard Deviation of the Data Summarized in the Given

question 13

Multiple Choice

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

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

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Definitions:

Accounting Treatment

Refers to the method of applying accounting principles and rules to transactions and financial events in a company’s financial statements.

LIFO

Last In, First Out, an inventory valuation method where the most recently produced or acquired items are the first to be expensed.

U.S. Tax Rules

The laws and regulations governing the taxation of individuals and corporations in the United States.

IFRS

Stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.