The Post Office Has Established a Record in a Major

question 88

Multiple Choice

The Post Office has established a record in a major Midwestern city for delivering 90% of its local mail the next working day.Calculate the standard deviation of the number delivered when 8 local letters are mailed.

• A).85
• B).72
• C)2.68
• D)2.83

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Definitions:

Defined Benefit Obligation

A company's liability to pay its employees' retirement benefits, calculated based on factors like salary histories and years of service.

Current Period

Refers to the present accounting period under consideration, usually a fiscal quarter or year.

Defined Contribution Fund

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but future benefits are based on the fund's investment performance.

Unpaid Contributions

Amounts due from members or shareholders for their share in the capital of the company which have not yet been paid.