A Machine Dispenses Water into a Glass

question 103

Multiple Choice

A machine dispenses water into a glass. Assuming that the amount of water dispensed follows a continuous uniform distribution from 10 ounces to 16 ounces, the standard deviation of the amount of water dispensed is about:

• A)1.73 ounces.
• B)3.00 ounces.
• C)0.57 ounce.
• D)3.51 ounces.

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Definitions:

Direct Labor

The labor costs directly attributable to the production of goods or services, including wages for workers who are physically involved in creating a product.

Planning Budget

A comprehensive financial plan formulated for a set period, outlining projected revenues, expenses, and resource allocations.

Occupancy Expenses

Costs associated with occupying a physical space, such as rent, utilities, and property taxes.

Direct Materials

Raw materials that can be directly attributed to the production of finished goods, considered a variable cost.