Consider the Following Probability Distribution

question 14

Multiple Choice

Consider the following probability distribution. The standard deviation is ____.

• A) 1.14
• B) 1.29
• C) 1.65
• D) 1.94

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Definitions:

Conditional Sale Contract

A contract agreement where the sale is contingent upon fulfilling certain conditions or terms.

Compounded Monthly

The process by which interest is calculated on both the principal and the accumulated interest on a monthly basis.

Deferred Annuity

An annuity contract that delays payments until the investor elects to receive them, often at retirement.

Ordinary Annuity

An ordinary annuity consists of identical payments that are made at the conclusion of successive periods for a specified duration.