A Project Has the Following Projected Outcomes in Dollars: $250,$350,and

question 29

Multiple Choice

A project has the following projected outcomes in dollars: $250,$350,and $500.The probabilities of their outcomes are 25%,50%,and 25% respectively.What is the standard deviation of these outcomes?

• A) $363
• B) $89
• C) $94
• D) $178

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Definitions:

Professional Indemnity Insurance

Insurance that provides coverage to professionals against claims made by clients for loss or damage due to negligent services or advice.

Liability Coverage

A type of insurance that provides protection against claims resulting from injuries and damage to people or property.

Malpractice Claims

Legal claims made against professionals (e.g., doctors, lawyers) for failing to provide proper services, resulting in harm to the claimant.

Accountant-Client Privilege

A legal privilege that confidentializes communication between accountants and their clients, protecting certain information from being disclosed in legal proceedings.