The Formula for the Variance of the Duration of an Activity

question 8

Multiple Choice

The formula for the variance of the duration of an activity is ______.

• A)the square root of [1/6(b - a)]
• B)[1/6(a - b)] raised to the power of 2
• C)[1/6(b - a)] raised to the power of 2
• D)the square root of [1/6(a - b)]

---

Definitions:

Consumption

The use of goods and services by households, which is a primary component of the economy and influences economic growth.

Induced Consumption

Refers to the portion of consumer spending that increases or decreases with disposable income.

Disposable Income

Net funds allocated to households for their spending and saving post the application of income taxes.

Consumption

Consumption is the act of using goods and services by households or individuals.