A Company Is Studying the Number of Monthly Absences Among

question 29

Multiple Choice

A company is studying the number of monthly absences among its 125 employees. The following probability distribution shows the likelihood that people were absent 0,1,2,3,4,or 5 days last month. What is the standard deviation of the number of days absent?

• A)1.1616
• B)0
• C)1.6595
• D)1.0778

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Definitions:

Recoverable Amount

The higher of an asset's fair value less costs to sell and its value in use, indicating the maximum amount that can be recovered from an asset.

Financial Statements

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and cash flow statement.

Cash-generating Unit

The smallest identifiable group of assets that generates cash inflows largely independent of the cash inflows from other assets or groups of assets.

Average Tax Rate

The proportion of total income that an individual or corporation pays in taxes.