Jo Is a Hairstylist

question 73

Multiple Choice

Jo is a hairstylist.The probability model below describes the number of clients that she may see in a day.
What is the standard deviation of the number of clients that Jo sees per day?

• A)1.31
• B)1.41
• C)2.19
• D)1.99
• E)1.55

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Definitions:

Retail Inventory Method

An accounting technique used by retailers to estimate inventory costs by applying a consistent gross margin percentage to the retail price of the goods.

Shrinkage

The reduction in inventory mainly due to shoplifting, employee theft, or other errors.

Physical Count

The process of manually counting and verifying the actual inventory in a business at a specific point in time.

Weighted Average Inventory Valuation

A method for valuing inventory by calculating the average cost of all inventory items, weighted by the quantities of each item.