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:

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Corporate Profits Tax

A tax imposed on the net income or profit earned by corporations, which can affect investment decisions and economic growth.

Individual Income Tax Returns

Forms submitted by individuals to report income, calculate taxes owed, and determine eligibility for tax refunds.

Corporate Profits Tax

A levy placed on the profit of a firm, with different rates used for varying levels of profit.