For a Random Variable X,if V(cX)= 4V(X),where V Refers to the Variance,then

question 90

True/False

For a random variable X,if V(cX)= 4V(X),where V refers to the variance,then c must be 2.

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Definitions:

Perpetual Inventory Method

An inventory accounting system where updates are made continuously to the inventory records to reflect sales and purchases.

Job Order Cost System

An accounting system used to accumulate costs associated with a specific production batch or job.

Raw Materials Inventory

Raw materials and components that a company holds for future use in the production process to create goods and services.

General Ledger

The comprehensive set of accounts that shows all transactions of a business, serving as the main accounting record.