Oriental Reproductions, Inc.is a company that produces handmade carpets with oriental designs.The production records show that the monthly production has ranged from 1 to 5 carpets.The production levels and their respective probabilities are shown below. $\begin{array}{cc}
\text { Production } & \
\text { Per Month } & \text { Probability } \
1 & 0.01 \
2 & 0.04 \
3 & 0.10 \
4 & 0.80 \
5 & 0.05
\end{array}$ The standard deviation for the production is
A) 4.32
B) 3.74
C) 0.374
D) 0.612

Question

Quizplus · Accepted Answer

The standard deviation is calculated using the formula for the standard deviation of a probability distribution. After calculating the variance using the probabilities and production levels, the square root of the variance gives the standard deviation, which is approximately 0.612.

Oriental Reproductions, Inc The Standard Deviation for the Production Is A) 4

Oriental Reproductions, Inc The Standard Deviation for the Production Is
A) 4