Which Distribution Can Be Fully Described by Its Expected Value

question 22

Multiple Choice

Which distribution can be fully described by its expected value and standard deviation?

• A)Normal distribution.
• B)Probability distribution.
• C)Both Normal distribution and Probability distribution.
• D)None of the given options.

---

Definitions:

Materials Price Variance

The difference between the actual cost and the standard cost of materials used in production.

Standard

A recognized level of quality or attainment that is used as a benchmark for comparison.

Materials Quantity Variance

The difference between the expected amount of materials needed for production and the actual amount used, affecting production costs.

Standard

Typically refers to an accepted level of quality or achievement that is used as a measure, norm, or model in comparative evaluations.