THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 94

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You have recently joined a country club.The number of times you expect to play golf in a month is represented by a random variable with a mean of 10 and a standard deviation of 2.2.Assume you pay monthly membership fees of $500 per month and pay an additional $50 per round of golf.
-What is the standard deviation for your average monthly bill from the country club?

• A)$220
• B)$110
• C)$324
• D)$180

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Definitions:

Infinite Population

A concept in statistics and research indicating a population size so large that for practical purposes it is considered limitless.

Finite Population

A population set consisting of a limited number of distinct entities that can be fully enumerated.

Queue Discipline

The set of rules determining the order in which tasks are processed, particularly in the context of waiting lines or queues.

Waiting-Line Models

Mathematical models used to analyze the processes and queues in systems where there is demand for service and to predict waiting times and process efficiency.