A Recent Survey of Fortune 500 Firms Found That on Average,they

question 212

Multiple Choice

A recent survey of Fortune 500 firms found that on average,they contribute $332.54 per month for each salaried employee's health insurance.If you are told that almost all salaried employees at Fortune 500 firms receive a health insurance contribution between $220.61 and $444.47,and assuming a bell-shaped distribution,what must the standard deviation for this data be?

• A)$37.31
• B)$46.65
• C)$55.98
• D)$74.64

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Cost

The amount of spending in monetary terms incurred in the production of goods or in providing services.

Factory Overhead Cost

Factory overhead cost encompasses all indirect costs associated with the manufacturing process, including utilities, equipment depreciation, and factory personnel salaries, not directly tied to production.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, or obsolescence.