The Number of Traffic Accidents Per Day on a Certain

question 66

Multiple Choice

The number of traffic accidents per day on a certain section of highway is thought to be distributed with a mean equal to 2.19. What is the standard deviation of the number of accidents?

• A) approximately 4.80
• B) 3.14
• C) 2.19
• D) approximately 1.48

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Definitions:

Goodwill

A non-tangible asset formed during the acquisition of a company for a sum greater than the fair value of its net assets that can be identified.

Equity Method

An accounting technique used to record investments in other companies, where the investment is shown as an asset and changes in the investment's value are reflected in profits or losses.

Goodwill

An intangible asset that represents the excess of the purchase price over the fair market value of acquired net assets during a business acquisition.

Initial Value Method

An accounting approach where investments are recorded at their purchase cost without adjustment for changes in market value.