Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is a probability distribution for the time spent (minutes) by an auditor in reviewing invoices of about $10,000: Time spent: 1 minute 3

The following is a probability distribution for the time spent (minutes) by an auditor in reviewing invoices of about $10,000:

Time spent: 1 minute 3 minutes 5 minutes 10 minutes

Probability: 0.2 0.3 0.3 ?

The standard deviation of the time spent by an auditor to review one invoice is:

a) 9.24 minutes.

b) 3.64 minutes.

c) 3.04 minutes.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions