A Recent Analysis of the Number of Rainy Days Per

question 52

Multiple Choice

A recent analysis of the number of rainy days per month found the following outcomes and probabilities. The mean of this distribution is _____________.

• A) 2
• B) 3
• C) 4
• D) 5
• E) <1

---

Definitions:

Spending Variances

Spending variances are the differences between the actual amount spent and the budgeted or planned amount, often analyzed to control and manage expenses better.

Activity Variance

The difference between the budgeted cost for an activity level and the actual cost incurred, indicating deviations from planned performance.

Net Operating Income

A company's income after operating expenses have been deducted, but before income taxes and interest expenses are taken into account.

October

The tenth month of the year in the Gregorian calendar, often associated with autumn in the Northern Hemisphere.