What Is the Relationship Between the Variance and the Standard

question 83

Multiple Choice

What is the relationship between the variance and the standard deviation?

• A) The standard deviation is the absolute value of the variance.
• B) The variance is the absolute value of the standard deviation.
• C) The variance is the positive square root of the standard deviation.
• D) The standard deviation is the positive square root of the variance.

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Definitions:

Automated Shaper

A machine tool that uses computer control for shaping or surfacing metal and other materials.

Gross Margin

The difference between revenue and the cost of goods sold, expressed as a percentage of revenue, indicating the portion of sales income that exceeds the cost of goods sold.

Job-Order Costing

A costing method used to determine the cost of producing specific products or jobs, assigning direct materials, labor, and overhead costs to individual jobs based on actual expenses incurred.

Predetermined Overhead Rate

An estimated rate used for allocating fixed and variable overhead costs to products or services based on expected activity levels.