A Project Could Yield a Profit of $1,$2,$3,or $6,with Equal $\sigma$

question 6

Multiple Choice

A project could yield a profit of $1,$2,$3,or $6,with equal probability.Then the variance $\sigma$ ²,is:

• A) 1.
• B) 3/2.
• C) 7/2.
• D) 9/2.
• E) 14.

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Definitions:

Direct Labor

Costs associated with the labor directly involved in the production of goods or services.

Job Cost Sheets

Detailed records used in cost accounting to accumulate all costs associated with a specific job or project.

Work In Process

Inventory items that are in the process of being produced but are not yet complete.

Subsidiary Ledger

A detailed ledger containing individual accounts with a common characteristic, linked to a summary account in the general ledger.