The Number of Homes Sold by a Realtor During a Month

question 75

Multiple Choice

The number of homes sold by a realtor during a month has the following probability distribution: What is the standard deviation of the number of homes sold by the realtor during a month?

• A) 0.56
• B) 0.75
• C) 1
• D) 1.2

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Definitions:

Finishing Department

A section within a manufacturing operation where products undergo final processing, treatments, or coatings before being ready for sale.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products or job orders, based on a selected activity base, before the actual costs are known.

Machine-Hours

A measure of the amount of time a machine is operated, often used in costing and budgeting processes.

Forming Department

A production department specialized in shaping and assembling parts or materials into finished goods.