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A Commuter Travels Many Kilometres to Work Each Morning

question 66

Multiple Choice

A commuter travels many kilometres to work each morning.She has timed this trip 5 times during the last month.The time (in minutes) required to make this trip was 44, 39, 41, 35, and 41.The mean time required for this trip was 40 minutes.What is the variance for this sample data?


Definitions:

Current Liability

A financial obligation that a company is required to pay within a year, such as accounts payable, short-term loans, and accrued expenses.

Defined Contribution Plan

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but the future benefit is not predetermined.

Pension Plan

A type of retirement plan that requires an employer to make contributions to a pool of funds set aside for an employee's future benefit.

Annual Pension Contributions

The total amount of money contributed to a pension fund by the employer, employees, or both within a year, intended to support employees' retirement benefits.

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