If N = 10 and P = 0

question 118

Multiple Choice

If n = 10 and p = 0.70,then the standard deviation of the binomial distribution is

• A) 14.29.
• B) 1.45.
• C) 7.00.
• D) 0.07.

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Definitions:

Direct Labor-Hours

The total hours worked by employees that are directly involved in the production process, serving as a measure for allocating labor costs to products or services.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to individual products based on a certain activity base.

Plantwide Predetermined

A rate calculated by dividing the estimated manufacturing overhead cost by the estimated amount of a cost driver, applied uniformly across a manufacturing plant.

Manufacturing Overhead Rate

A calculation used in costing that allocates indirect manufacturing costs to products based on a predetermined factor, such as machine hours or labor costs.