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

Understand the conditions under which professionals can be held liable for their actions and the defenses available to them.

Identify the role of auditing standards and the standard of care expected from professionals.

Comprehend the concept of privity and its implications for professional liability.

Recognize the significance of the Sarbanes-Oxley Act of 2002 for accountants and auditors.

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Definitions:

Probability

An assessment of an event's chances of occurring, measured as a value from 0 to 1.

Random

Referring to an event or selection process that has no specific pattern, order, or aim, and is governed by chance.

First Serves

In tennis, the initial serves in a game where the server has two opportunities (first and second serve) to successfully start a point.

Independent Events

Events in probability where the outcome of one event does not affect the outcome of another.